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BusinessQuiet 8d · day 9

EU approves JD.com's $2.5B acquisition of German electronics retailer Ceconomy

European Commission clears Chinese e-commerce giant's purchase of Ceconomy, subject to compliance with remedies addressing subsidy concerns.

newest coverage 8d agosummary written 8d ago6 pieces NewswiresRedditGoogle News

What to know

  • EU green-lights JD.com's $2.5B purchase of German electronics retailer Ceconomy with conditions.
  • Commission investigated whether Chinese government subsidies gave JD.com an unfair advantage in the bidding process.
  • Deal approval hinges on JD.com's compliance with remedies prescribed by the Commission.

“The Commission was investigating the deal under the Foreign Subsidies Regulation and was evaluating whether JD.com received preferential financing, tax incentives and grants from the Chinese government that may have helped it to offer a higher price for Ceconomy.”

European Commission · Channel News Asia

JD.com AcquirerCeconomy Target companyEuropean CommissionEuropean Commission EU competition authority

EU approves JD.com's $2.5B acquisition of German electronics retailer Ceconomy
Channel News Asia

How it unfolded 1 development · click the chart to see its coverage articlespostscomments

Peak 2 pieces in two hours at Nov 3, 4 AM; 6 pieces over 9 days (3 articles · 1 post · 2 comments) Nov 3, 4 AM — 2 pieces · 1 article · 1 post — Newswires 1, Reddit 1Nov 3, 6 AM — 2 pieces · 2 articles — Google News 2Nov 3, 8 AM — quietNov 3, 10 AM — 1 piece · 1 comment — Reddit 1Nov 3, 12 PM — quietNov 3, 2 PM — quietNov 3, 4 PM — quietNov 3, 6 PM — quietNov 3, 8 PM — quietNov 3, 10 PM — quietNov 4, 12 AM — quietNov 4, 2 AM — quietNov 4, 4 AM — quietNov 4, 6 AM — quietNov 4, 8 AM — quietNov 4, 10 AM — quietNov 4, 12 PM — quietNov 4, 2 PM — quietNov 4, 4 PM — quietNov 4, 6 PM — quietNov 4, 8 PM — quietNov 4, 10 PM — quietNov 5, 12 AM — quietNov 5, 2 AM — quietNov 5, 4 AM — quietNov 5, 6 AM — quietNov 5, 8 AM — quietNov 5, 10 AM — quietNov 5, 12 PM — quietNov 5, 2 PM — quietNov 5, 4 PM — quietNov 5, 6 PM — quietNov 5, 8 PM — quietNov 5, 10 PM — quietNov 6, 12 AM — quietNov 6, 2 AM — quietNov 6, 4 AM — quietNov 6, 6 AM — quietNov 6, 8 AM — quietNov 6, 10 AM — quietNov 6, 12 PM — quietNov 6, 2 PM — quietNov 6, 4 PM — quietNov 6, 6 PM — quietNov 6, 8 PM — quietNov 6, 10 PM — quietNov 7, 12 AM — quietNov 7, 2 AM — quietNov 7, 4 AM — quietNov 7, 6 AM — 1 piece · 1 comment — Reddit 1Nov 7, 8 AM — quietNov 7, 10 AM — quietNov 7, 12 PM — quietNov 7, 2 PM — quietNov 7, 4 PM — quietNov 7, 6 PM — quietNov 7, 8 PM — quietNov 7, 10 PM — quietNov 8, 12 AM — quietNov 8, 2 AM — quietNov 8, 4 AM — quietNov 8, 6 AM — quietNov 8, 8 AM — quietNov 8, 10 AM — quietNov 8, 12 PM — quietNov 8, 2 PM — quietNov 8, 4 PM — quietNov 8, 6 PM — quietNov 8, 8 PM — quietNov 8, 10 PM — quietNov 9, 12 AM — quietNov 9, 2 AM — quietNov 9, 4 AM — quietNov 9, 6 AM — quietNov 9, 8 AM — quietNov 9, 10 AM — quietNov 9, 12 PM — quietNov 9, 2 PM — quietNov 9, 4 PM — quietNov 9, 6 PM — quietNov 9, 8 PM — quietNov 9, 10 PM — quietYesterday, 12 AM — quietYesterday, 2 AM — quietYesterday, 4 AM — quietYesterday, 6 AM — quietYesterday, 8 AM — quietYesterday, 10 AM — quietYesterday, 12 PM — quietYesterday, 2 PM — quietYesterday, 4 PM — quietYesterday, 6 PM — quietYesterday, 8 PM — quietYesterday, 10 PM — quietToday, 12 AM — quietToday, 2 AM — quietToday, 4 AM — quietToday, 6 AM — quietToday, 8 AM — quietToday, 10 AM — quietToday, 12 PM — quietToday, 2 PM — quietToday, 4 PM — quietToday, 6 PM — quietToday, 8 PM — quiet 1
Nov 4Nov 5Nov 6Nov 7Nov 8Nov 9yesterdaynow · 9:50 PM ET
  1. 1

    European Commission approves JD.com acquisition of Ceconomy

    The European Commission formally approved the $2.5 billion acquisition by Chinese e-commerce giant JD.com of German electronics retailer Ceconomy, subject to the company's compliance with offered remedies.

    1. 2 outlets JD.com wins EU approval for acquisition of Ceconomy

      first by Channel News Asia, 8d ago · also Reuters

      2 more headlines

    • Those shops have made themselves redundant. No good deals, and for years they are doing shady shit like upselling useless “configuration services”, energy contracts, etc. also absolute ripoff on accessories that one could need when buying an expensive item like a HDMI cable or a power strip. I am more surprised anyone wants to buy the chain.

      RDUKE7777777r/europe4d agoview on r/europe ↗
    1 more of the top 2 · 2 posts in this stretch

    • You are throwing out a completely irrelevant issue under my comment about "buying Chinese electronics retailer 100% is completely fine by current Chinese regulations". It may not be that profitable since electronics retail market in China is very fierce, but definitely if an EU company wants to go into this market, they are always welcome.

      Glory4codr/europe8d agoview on r/europe ↗
    all of them →
  2. background

    European Commission signals approval of JD.com–Ceconomy deal — A person familiar with the matter told Reuters that the European Commission was set to approve JD.com's $2.5 billion acquisition of German electronics retailer Ceconomy.

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