JD.com's Ceconomy concessions face criticism from rivals, sources say

FILE PHOTO: JD.COM logo is seen in this illustration taken, February 11, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

BRUSSELS, Sept 10 (Reuters) - JD.com's concessions to ease EU ⁠subsidy concerns about the Chinese e-commerce giant's $2.5 billion ‌purchase of German electronics retailer Ceconomy have prompted criticism from competitors, people familiar with the matter told Reuters.

They said the European ​Commission, which acts as the European ⁠Union's competition enforcer, informed ⁠JD.com earlier this week of the responses to concessions ⁠it ‌offered last month.

The Commission, which will decide on the deal by October 23, and ⁠JD.com declined to comment on the negative feedback, ​which will ‌put pressure on JD.com to improve its concessions.

Under ⁠its proposals, ​Ceconomy would access JD.com's European logistics capability and technological capability at market rates, one of the people said. Smaller ⁠rivals would also get access at ​fair and non-discriminatory rates.

The EU antitrust watchdog is examining JD.com's proposed acquisition of Ceconomy under the Foreign Subsidies ⁠Regulation that targets unfair foreign state aid.

Its preliminary review in May indicated that JD.com may have received foreign subsidies such as preferential financing, tax incentives and ​grants provided by entities possibly attributable ⁠to Beijing.

The Commission underscored its misgivings by setting out ​specific concerns in July, which JD.com ‌will have to address in ​order to gain approval for the deal.

(Reporting by Foo Yun Chee; Editing by Alexander Smith)

Thank you for your report!

Two Perak districts’ agriculture boosted by smart technology

Islamic scholars must understand technology, 'read the times', says Zahid

Don’t just use technology, create it, Anwar tells young scientists

资料图片：此图为京东标志，拍摄于2025年2月11日。路透社/Dado Ruvic/插图/资料图片

布鲁塞尔，9 月 10 日（路透社）——知情人士告诉路透社，京东为缓解欧盟对其以 25 亿美元收购德国电子产品零售商 Ceconomy 一事的补贴担忧而做出的让步，引发了竞争对手的批评。

他们表示，作为欧盟竞争执法机构的欧盟委员会在本周早些时候告知京东，欧盟对其上个月提出的让步措施作出了回应。

委员会将于 10 月 23 日前对该协议作出决定，而京东拒绝就负面反馈发表评论，这将给京东带来压力，促使其改进让步措施。

据知情人士透露，根据Ceconomy的提议，该公司将以市场价格使用京东在欧洲的物流和技术能力。规模较小的竞争对手也将以公平且非歧视性的价格获得这些资源。

欧盟反垄断监管机构正在根据旨在打击不公平外国援助的《外国补贴条例》审查京东拟收购Ceconomy的交易。

5 月份的初步审查表明，京东可能获得了外国补贴，例如优惠融资、税收优惠和赠款，而这些补贴可能来自北京方面的实体。

委员会在7月份列出了具体的担忧，以此强调了其疑虑，京东必须解决这些问题才能获得交易批准。

（Foo Yun Chee报道；Alexander Smith编辑）

感谢您的报告！

智能技术助力霹雳州两个地区的农业发展

扎希德说，伊斯兰学者必须了解科技，“读懂时代”。

安瓦尔告诉年轻科学家们：“不要只是使用技术，要创造技术。”