JD.com denies Chinese subsidies in Ceconomy acquisition
JD.com stated its Ceconomy acquisition is funded by private bank debt and cash rather than Chinese subsidies. This follows an EU probe into the retail deal.
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Xurve View
JD.COM INC-CLASS A will fund its acquisition of CECONOMY AG through private debt and cash rather than state subsidies. The announcement follows a full-scale investigation by EU regulators into potential market distortions under the bloc's subsidy rules. The acquisition of the German retailer is subject to heightened scrutiny as regulators assess whether foreign state support has distorted competition.
