China blocks cooperation with EU probe into JD.com’s Ceconomy bid

JD.com (9618.HK) proposed remedies to EU regulators for its $2.5B acquisition of Ceconomy (CECG.DE), facing scrutiny over potential foreign subsidies. The EU launched an investigation in May, while China criticized the probe. Details of the remedies were not disclosed.

JD.com offered remedies in the EU's probe of its $2.5B bid for Ceconomy. The EU is investigating potential foreign subsidies. China criticized the probe as improper. No details on the remedies were provided.

China's Ministry of Justice, along with other agencies, declared the EU's investigation into JD.com under the Foreign Subsidies Regulation as unlawful extraterritorial jurisdiction. China barred organizations and individuals from complying with the EU's measures, citing violations of international law. The move follows a similar action against Nuctech and reflects China's stance on protecting its sovereignty and interests. The EU's investigation into JD.com's $2.5 billion bid for Ceconomy is the

China's justice ministry rejected the EU's investigation into JD.com's bid for Ceconomy, calling it improper extraterritorial jurisdiction. The EU suspects JD.com received state subsidies, distorting competition. JD.com denies receiving such aid. The probe focuses on the acquisition's impact on EU markets.

China ordered entities not to assist the EU's investigation into JD.com's $2.5B bid for Ceconomy, citing improper extraterritorial jurisdiction. The EU probe concerns potential market distortion from foreign subsidies. China's justice ministry warned of retaliation if the EU continues its actions.

JD.com reported Q2 2026 revenue of CNY 346.4 billion and net income of CNY 7.13 billion, missing expectations. The company completed a CNY 4 billion share buyback, reducing its share count by 17.72%. Despite the buyback, the stock fell 9.7% due to year-over-year revenue decline, highlighting execution risks and competition concerns.