JD.com’s bid for Europe’s Ceconomy clears German hurdle but EU subsidy probe looms

Source: Tech – South China Morning PostChinese e-commerce giant JD.com’s €2.2 billion (US$2.5 billion) bid to acquire Europe’s largest electronics retailer Ceconomy has received the green light from German authorities as China and the European Union engage in high-stakes trade talks.
Germany’s Federal Ministry for Economic Affairs and Energy approved the deal after a review of its potential impact on the country’s public order and security, subject to conditions that the Chinese tech giant would ensure the personal data of Ceconomy’s…Read More

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