China Labels EU Probe Into JD.com Unlawful

China labels EU probe into JD.com unlawful

The Ministry of Justice on Wednesday said that the European Union's recent cross-border investigation into Chinese e-commerce giant JD.com under its Foreign Subsidies Regulation, has constituted unlawful extraterritorial jurisdiction. The EU announced in May that it had opened an investigation into JD.com's over its bid for major German electronics retail group Ceconomy. The EU probe demanded "extensive and unnecessary" information, the Ministry…

China blocks firms from aiding EU’s JD.com probe as regulatory clash deepens

Beijing has banned Chinese entities from assisting with a European Union investigation into e-commerce giant JD.com under the bloc’s foreign subsidies regulation (FSR). A statement from China’s Ministry of Justice on Wednesday condemned the probe as “undue extraterritorial jurisdiction measures”, ordering that “no organisation or individual may execute or assist in the execution”. In May, the European Commission opened an in-depth investigation …

China Criticizes EU Over Extraterritorial Reach in JD.com Probe

China criticized the European Union’s use of its Foreign Subsidies Regulation to probe JD.com Inc.’s planned €2.2 billion takeover of German electronics retailer Ceconomy, calling it an “improper extraterritorial jurisdiction” and prohibiting compliance with the measures.