Wire flash
FinanceChina has ordered its entities not to assist the European Union's investigation into JD.com, citing concerns that the Chinese e-commerce company may have received foreign subsidies that could distort the EU's market. This marks the second time China has invoked its regulations countering what it considers 'unlawful extraterritorial jurisdiction measures'. The order was reported by Singapore's Business Times on August 19, 2026, based on a Beijing announcement. The EU probe is part of broader efforts to examine potential market distortions from foreign subsidies, while China's response reflects ongoing tensions over trade and regulatory jurisdiction between the two economic powers.
The Business TimesRegional
China Blocks Cooperation with EU Probe into JD.com's Ceconomy Bid