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

GeopoliticsRegulationM&A · Partnership Impact 4
โดย Retail Insight Network·CNEU·Read original
Summary · why it matters

China has ordered domestic entities not to cooperate with a European Union investigation into e-commerce company JD.com, alleging the probe constitutes undue extraterritorial jurisdiction. The Ministry of Justice, together with the Ministry of Commerce and other departments, issued the notice under China's Regulations on Anti-Undue Extraterritorial Jurisdiction by Foreign Countries, covering the EU's cross-border investigation practices against JD.com under the bloc's Foreign Subsidies Regulation. The EU investigation concerns JD.com's $2.5 billion bid for German electronics retailer Ceconomy, with the European Commission opening an in-depth probe in May 2026 over possible subsidies including preferential financing, tax incentives and grants. A Ministry of Justice spokesperson said China hopes the EU will immediately correct its erroneous practices and cease abusing the foreign subsidies investigation tool, warning that if the EU persists in unilateral actions, China will resolutely retaliate in accordance with the law. The move follows a similar order issued by China in May 2026 against an EU investigation into Chinese security firm Nuctech, also conducted under the Foreign Subsidies Regulation.

Impact on stocks 2

Consumer Discretionary▼ · 2 stocks
Jd Com Inc
9618
▼ NegativeRegulationrelevance

China blocks cooperation with EU probe into JD.com's bid, escalating regulatory conflict.

Ceconomy AG
CEC
± MixedRegulationrelevance

EU probe into JD.com's bid for Ceconomy may affect deal, but impact on Ceconomy unclear.

Off-coverage companies 1

Nuctech Company LimitedPrivate± Mixed
Regulationrelevance

Similar order against Nuctech mentioned as precedent, but not directly affected by this news.

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