France’s Ministry of the Economy and Finance has requested a review of JD.com’s indirect stake in French retailer Fnac-Darty, potentially delaying the Chinese e-commerce giant’s European expansion. JD.com acquired the stake through its recent purchase of German retailer Ceconomy, which holds 22% of Fnac-Darty. French authorities are examining the deal partly because Fnac is the country’s largest bookseller, raising cultural-industry considerations. The review could take up to three months, slowing JD.com’s push into Europe. This scrutiny reflects Europe’s growing caution toward Chinese retail investments, following similar resistance to Shein’s offline stores in France. JD.com has stated it does not intend to increase its Fnac-Darty stake.
France reviews JD.com’s Fnac-Darty stake
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