The European Commission has announced conditional approval of the acquisition of German electronics retailer CECONOMY AG by Chinese company JD.com, Inc. The decision was made under the Foreign Subsidies Regulation (FSR)—a mechanism that allows the EU to monitor the impact of foreign state financing on competition within the union. According to a statement published in Brussels on November 3, 2026, approval of the transaction is conditional upon full compliance with the commitments proposed by the parties during the case review. The specific content of these commitments is not disclosed in the press release; however, the fact that they were proposed indicates that the regulator identified potential risks associated with foreign subsidies that could have affected competitive conditions in the European market. CECONOMY AG is a major European holding company managing electronics retail networks, including the well-known Media Markt and Saturn brands. JD.com is one of the largest Chinese e-commerce operators, seeking to expand its presence in the European market through the acquisition of established retail assets. This decision demonstrates how the European Union is applying the relatively new regulatory tool—the FSR, which entered into force to scrutinize transactions involving companies receiving subsidies from third-country governments. The regulation is designed to ensure equal competitive conditions between European companies and foreign players benefiting from state support.