China orders entities not to assist EU's JD.com probe
- The European Union began an in-depth investigation in May under its Foreign Subsidies Regulation into JD.com's proposed acquisition of German retailer Ceconomy AG.
- China's Ministry of Justice and Ministry of Commerce declared the EU's cross-border measures in this case as improper extraterritorial jurisdiction and barred organizations and individuals from cooperating with those measures.
32 Articles
32 Articles
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…
China accused the European Union (EU) of exercising undue extraterritorial jurisdiction in the investigation into the possible granting of Chinese public subsidies to the electronic commerce giant JD.com to acquire German Ceconomy. The Chinese Ministry of Justice stated on Wednesday in a statement that the EU, in implementing the regulation on foreign subsidies in the investigation of JD.com, has cross-borderly requested Chinese entities to prov…
China Blocks EU Probe of JD.com’s Takeover of German Retailer
China said on Wednesday that a European Union investigation into Chinese e-commerce giant JD.com constituted "improper extraterritorial jurisdiction" and ordered entities not to implement or assist with the probe.
The EU wants to examine the takeover of Ceconomy by the Chinese online retailer JD.com. China threatens to resist and does not want to disclose all information.
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