JD.COM SET TO WIN EU APPROVAL FOR CECONOMY DEAL, SOURCE SAYS

Chinese e-commerce giant JD.com is set to secure European Union ​approval for its $2.5 billion bid for German ‌electronics retailer Ceconomy after it tweaked its remedies to address regulators' concerns, a person familiar with the ​matter said.

The European Commission, which is ​the EU competition enforcer, is investigating the ⁠deal under the Foreign Subsidies Regulation that targets ​unfair foreign state aid.

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