Beijing blocks cooperation with EU’s Foreign Subsidies Regulation investigation into alleged state support for JD.com’s acquisition bid.
China has prohibited domestic entities from assisting the EU’s investigation into JD.com’s $2.5bn bid for German retailer Ceconomy. The move follows an order from China’s Ministry of Justice and Commerce, citing concerns over extraterritorial jurisdiction under the bloc’s Foreign Subsidies Regulation (FSR).
The European Commission launched an in-depth probe in May 2026, alleging JD.com received preferential financing, tax incentives, and grants from Chinese entities. These subsidies may have influenced the takeover terms, according to the EC’s preliminary assessment.
A Ministry of Justice spokesperson accused the EU of demanding excessive information and urged an immediate correction of its practices. The standoff escalates tensions over cross-border regulatory scrutiny.