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EU Set to Open “in-Depth” Review of JD.com Bid for Ceconomy
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4 Articles
The planned acquisition of the German retailer Ceconomy – the parent company of MediaMarkt – by the Chinese e-commerce giant JD.com is causing concern in Europe. ‘China will be able to use our data to train its AI models to compete with us.’
·Belgium
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Chinese e-commerce giant JD.com plans to acquire Ceconomy, the parent company of MediaMarkt and Saturn. However, EU Commissioner Teresa Ribera apparently has concerns and intends to investigate the multi-billion-euro deal for potential unfair subsidies. This would be unprecedented.
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