BRUSSELS, July 22 : The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com over its acquisition of German electronics retailer Ceconomy as it stepped up its investigation into the deal.
“The issuing of a statement of grounds is a formal step in an investigation under the Foreign Subsidies Regulation where the Commission informs the companies concerned in writing of the objections raised against them,” the EU executive said.
The EU charge sheet confirmed a Reuters story earlier on Wednesday.
