The Chinese will take over MediaMarkt and Saturn. However, the EC sets conditions.
JD.com has proposed to acquire MediaMarkt's owner for €2.2 billion, prompting an investigation by the European Commission (EC) due to potential competition concerns. The EC's review is based on EU regulations regarding foreign subsidies, which allow scrutiny of acquisitions involving companies that received significant government support. JD.com reportedly benefited from Chinese government assistance, including loans and tax breaks. The EC has approved the acquisition under specific conditions, requiring JD.com to implement measures for ten years to ensure fair competition. This includes commitments to avoid unfair advantages for Ceconomy and to provide equal services to third parties.