China orders entities not to assist EU's JD.com probe
43 Articles
43 Articles
The Chinese e-commerce group JD.com presented solutions to the European Union competition regulator while the authorities investigate the proposed acquisition of German Ceconomy, according to an update published on the European Commission website. Exclusive material for subscribers. To have full access, access the link of the subject and register.
After Brussels launched an investigation against the Chinese online retailer JD.com, Beijing reacts with countermeasures. The case reveals the increased tensions between China and the EU.
China is fiercely opposing the European Commission’s investigation into the takeover of Ceconomy AG, the parent company of the German Mediamarkt and Saturn. According to China, the investigation is ‘unlawful’ and the EU is improperly requesting information from JD.com, which intends to acquire Ceconomy for approximately 2.2 billion euros. Consequently, China has prohibited the online retailer from providing information to the EU.
Strong language from the Chinese Ministry of Justice: the European Commission is allegedly taking “unlawful extraterritorial legal measures” against its…
China has threatened the European Union with countermeasures because of its investigation into the planned acquisition of MediaMarkt-Saturn mother Ceconomy by the Chinese online retailer JD.com. If the EU persists in its action, Beijing will react decisively, the Chinese Ministry of Justice announced. At the same time, Beijing banned organisations and individuals from supporting the EU in certain requests for information in China. The Ministry o…
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