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A Chinese company buys Media-Markt and Saturn

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The EU-Kommission makes a choice. The Chinese company JD.com buys Media-Markt and Saturn. Media-Markt and Saturn belong to the company Ceconomy. JD.com pays 2.2 billion euro for the shops.

The EU makes strict rules. The company from China gets money from the state. This is called Subventionen. The EU wants fair Wettbewerb. Other shops must not lose. JD.com does not use the state money for cheap prices.

JD.com promises fair rules for 10 years. The company shares its Logistik with other firms. Media-Markt and Saturn are very big in Europa. There are about 1,000 shops. In Österreich there are 50 shops. In Deutschland they are a big online shop.

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Definitions

EU-Kommission
The EU-Kommission is the government of the European Union. They make laws and check rules.
Subventionen
Subventionen are gifts of money from the state for companies to help them.
Wettbewerb
Wettbewerb means that many companies sell the same things and fight for buyers.
Logistik
Logistik plans the transport of goods so they arrive at the right place.

People

Richard Liu
Richard Liu is a rich businessman from China who starts the company JD.com.
Teresa Ribera
Teresa Ribera is the person for fair rules in the European Union.

Locations

China
China is a very big country in Asia with many people.
Österreich
Österreich is a country in Europe and a neighbor of Germany.
Deutschland
Deutschland is a country in middle Europe with many companies.

Sources

Südtirol News

EU genehmigt Übernahme von MediaMarktSaturn durch JD. com

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Logo Kurier
Kurier

EU-Kommission gibt grünes Licht für chinesische Übernahme von Mediamarkt-Saturn

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Logo Die Presse
Die Presse

EU genehmigt Übernahme von MediaMarktSaturn durch chinesischen Konzern JD.com

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Logo Bild
Bild

MediaMarktSaturn: EU erlaubt Übernahme durch JD.com

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Logo VOL
VOL

Jetzt fix: Chinesischer Milliardär übernimmt MediaMarkt und Saturn

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Logo VOL
VOL

EU genehmigt JD.com Übernahme von MediaMarktSaturn

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Logo ORF
ORF

EU genehmigt chinesische Übernahme von Mediamarkt-Saturn

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Logo Spiegel
Spiegel

Mediamarkt-Saturn: EU-Kommission genehmigt Übernahme durch chinesischen Techriesen JD.com

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