The latest European Union probe to hit a Chinese firm comes as Brussels debates toughening its stance towards Beijing
The European Commission opened an in-depth investigation on Thursday into Chinese e-commerce giant JD.com’s bid for a major German electronics retail group on suspicion it was boosted by state subsidies.
The latest EU probe to hit a Chinese firm comes as Brussels debates toughening its stance towards Beijing to shield businesses from what is perceived as unfair foreign competition.
The Commission said a preliminary investigation indicated “that JD.com may have received foreign subsidies distorting the EU internal market”.
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