EU regulators have opened a Foreign Subsidies probe into JD.com, Inc. Sponsored ADR Class A’s $2.5B bid for Ceconomy over possible subsidized financing or tax breaks, even as famed investor Michael Burry recently disclosed an increased stake in NASDAQ:JD without detailing size or timing.
Previous Week Recap
- EU Probes JD.com Foreign Subsidies: EU opened a formal Foreign Subsidies probe into JD.com’s $2.5B bid for German retailer Ceconomy, investigating possible foreign subsidies (financing, tax breaks, grants) tied to the offer.
- Michael Burry Adds JD.com Stake: Michael Burry added JD.com (JD) shares this month; filing shows an increased stake but gives no details on trade size, timing, or motive.
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