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JD.com receives conditional EU approval to acquire Ceconomy for $2.5 billion
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TechNode
technode.com

JD.com receives conditional EU approval to acquire Ceconomy for $2.5 billion

JD.com has received conditional approval from the European Union to purchase the German electronics retailer Ceconomy for $2.5 billion. The Chinese company plans to complete the deal by November 12th.

This acquisition will allow JD.com to expand its presence in Europe through Ceconomy's MediaMarkt and Saturn store networks.

The European Commission reviewed the deal under the Foreign Subsidies Regulation due to concerns about potential support from the Chinese government. To obtain approval, JD.com agreed to conduct all operations with Ceconomy, including financing, on market terms.

Furthermore, JD.com commits to providing third-party retailers access to its warehousing and logistics services under the same terms as those offered to Ceconomy. These steps are aimed at preventing cross-subsidization of its European operations.

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Eurasian Economic Commission discussed expanding cooperation with the European Business Association
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sputniknews.uz

Eurasian Economic Commission discussed expanding cooperation with the European Business Association

The Eurasian Economic Commission (EEC) discussed prospects for cooperation with the European Business Association (EBA). The parties reviewed issues regarding the continuation of business dialogues and participation in the forum to be held in Bishkek. This was reported by the EEC press service.

On October 27, Daniyar Imanaliev, Minister of Integration and Macroeconomics of the EEC, met with Tadzio Schilling, Executive Director of the European Business Association. Imanaliev expressed the EEC's readiness to cooperate regularly with European entrepreneurs. He emphasized that the Commission is systematically working to develop relations with international partners and create favorable conditions for business.

During the meeting, the conference organized by the EAEU in Rome in May 2026, dedicated to opportunities for foreign businesses, was noted as a successful example of cooperation. It was also mentioned that with the assistance of the EEC, business trips were organized for member companies of the Belgium-Luxembourg Chamber of Commerce in Russia to Armenia, Belarus, Kazakhstan, and Kyrgyzstan during 2023–2026.

Daniyar Imanaliev invited EBA representatives to the Eurasia Economic Forum to be held in Bishkek in May 2027. In turn, Tadzio Schilling invited the EEC Minister to the first Eurasia Conference of the European Business Association, which will take place in November of this year.

At the end of the meeting, both sides confirmed their interest in further developing cooperation. For informational purposes, the European Business Association represents the interests of over 380 foreign investors operating in Russia.

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