China blocks EU probe into JD.com
China has ordered entities not to assist an EU investigation into JD.com, calling the probe improper extraterritorial jurisdiction. The justice ministry warned of retaliation if the EU persists in its unilateral actions.
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China ordered entities on Wednesday not to assist a European Union investigation into JD.COM INC-CLASS A's $2.5 billion acquisition of CECONOMY AG in Germany. The justice ministry directive marks Beijing's second invocation of anti-extraterritorial regulations introduced in April. The escalation threatens further retaliation as trade frictions mount over foreign subsidy scrutiny.
