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Update: Market Chatter: JD.com's Ceconomy Deal Concessions Face Rival Criticism

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(Updates to add responses from JD.com and the European Commission)

JD.com's (HKG:9618) proposed $2.5 billion acquisition of German electronics retailer Ceconomy has drawn criticism from competitors over concessions aimed at addressing EU concerns about foreign subsidies, Reuters reported, citing people familiar with the matter.

The European Commission informed JD.com earlier this week of the negative feedback on remedies offered last month, according to the report.

The Commission is expected to decide on the deal by Oct. 23. The criticism could pressure JD.com to strengthen its concessions, Reuters said.

JD.com and the European Commission declined to comment on the matter when asked by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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