EU investigates JD.com's Ceconomy bid under Foreign Subsidies Regulation (scmp.com)

• First use of FSR against Chinese corporate acquisition
• Preliminary concerns over distortion of internal market
• EU-China trade tensions escalate with parallel Temu fine

"The European Commission has launched an in-depth investigation into Chinese e-commerce giant JD.com's €2.2 billion bid to acquire German electronics retailer Ceconomy. The probe, under the Foreign Subsidies Regulation (FSR), is the first time this tool has been used against a Chinese corporate acquisition. Preliminary findings suggest JD.com may have received foreign subsidies that could distort the EU internal market, including financing, tax incentives, and grants from China."