China blocks firms from aiding EU’s JD.com probe as regulatory clash deepens

Beijing has banned Chinese entities from assisting with a European Union investigation into e-commerce giant JD.com under the bloc’s foreign subsidies regulation (FSR). A statement from China’s Ministry of Justice on Wednesday condemned the probe as “undue extraterritorial jurisdiction measures”, ordering that “no organisation or individual may execute or assist in the execution”. In May, the European Commission opened an in-depth investigation to assess whether JD.com’s proposed takeover of...

By Finbarr Bermingham