EU Opens In-Depth Probe Of JD.com's Ceconomy Takeover

By Edith Hancock

The European Union opened an in-depth foreign subsidies probe into Chinese e-commerce giant JD.com's planned takeover of German retail company Ceconomy.

It was the latest signal by the EU that it is seeking to counter China's influence in the bloc.

The European Commission said Thursday that the deal could distort competition in the bloc's internal market.

The EU's competition watchdog has 90 days to look at the deal for potential issues. Companies can also offer remedies to the regulator to ease concerns.

JD.com did not immediately respond to a request for comment.

Write to Edith Hancock at [e-mail]

(END) Dow Jones Newswires

05-28-26 0613ET