JD.com's Ceconomy Bid Clears German Review, Faces EU Subsidy Probe

Chinese e-commerce giant JD.com's €2.2 billion bid to acquire Europe's largest electronics retailer Ceconomy has been approved by Germany's Federal Ministry for Economic Affairs and Energy, subject to conditions protecting customer data and granting Berlin strong monitoring and revocation rights. The deal now faces an EU subsidy probe and ongoing foreign investment reviews in Austria and Spain. JD.com expects the offer to close in the second half of 2026.