EU Commission Investigates JD.com's Acquisition of MediaMarktSaturn Parent Over Suspected Chinese Subsidies (heise.de)

• EU Commission launches 90-day probe under Foreign Subsidies Regulation
• Suspected Chinese subsidies to JD.com may have given unfair advantage
• Deal already approved in France and Italy; Germany, Spain, Austria undecided

"The European Commission has launched a 90-day in-depth investigation into JD.com's takeover of Ceconomy, the parent company of MediaMarktSaturn. Preliminary findings suggest JD.com may have received state subsidies from China that distort EU competition. The probe, under the Foreign Subsidies Regulation, could block or impose conditions on the deal by October 2. JD.com denies receiving subsidies. France and Italy approved; Germany, Spain, Austria decisions pending."