JD.com has proposed remedies to European Union regulators as part of an ongoing investigation into its planned $2.5 billion acquisition of German electronics retailer Ceconomy.
The European Commission opened a full-scale probe into the deal in May under the Foreign Subsidies Regulation, which addresses concerns that JD.com may have received foreign state subsidies capable of distorting competition within the bloc. The investigation follows a formal notice of regulatory concerns issued to JD.com last month, though the company did not disclose the nature of the proposed remedies in an EU regulatory filing.
China has criticized the EU’s scrutiny, stating on Wednesday that the probe represents "improper extraterritorial jurisdiction." Beijing has instructed domestic entities not to participate in or assist with the investigation, escalating diplomatic tensions over the regulatory process.
The Ceconomy takeover remains under review as JD.com seeks to address EU competition concerns while navigating geopolitical sensitivities between China and Europe.
