JD.com Cleared to Acquire Germany's Ceconomy

• JD.com has been approved by Brussels to acquire Germany's Ceconomy for €2.2bn.
• Ceconomy is the owner of MediaMarkt.
• The approval was granted despite findings that JD.com benefited from state subsidies.
• The acquisition is now finalized pending any further legal or regulatory steps.
• JD.com is a major Chinese retail giant.