JD.com Proposes Revised Remedies to Secure EU Approval for Ceconomy Acquisition

According to a Bloomberg report on September 11, Chinese e-commerce firm JD.com is preparing to offer improved remedies to address European Union concerns regarding its planned 2.2 billion euro (approximately 2.6 billion USD) acquisition of Ceconomy AG. JD.com is currently in discussions with regulators reviewing the deal under the EU Foreign Subsidies Regulation to maintain the competitiveness of its logistics and technology operations.