MPs Seek to Block JD.com’s €2.2B UK Bid Threatening Amazon’s Market Share
AMZN•UK ministers face pressure to block JD.com’s Joybuy expansion and €2.2 billion bid for German electronics retailer Ceconomy after MPs warn state subsidies give “China’s Amazon” an unfair edge, threatening Amazon’s UK market share. Projected $115 billion AI infrastructure spending through 2029 has spurred GPU shortages that could constrain AWS capacity.
1. JD.com’s UK Expansion Under Scrutiny
British MPs, led by shadow national security minister Alicia Kearns, are urging Parliament to block JD.com’s Joybuy launch and its €2.2 billion bid for German electronics retailer Ceconomy. Concerns center on alleged Chinese state subsidies and takeover bids for Currys, Argos and Very Group that could undercut domestic retailers and erode Amazon’s market share.
2. Escalating AI Hardware Shortages
Analysts project OpenAI will spend $115 billion on infrastructure through 2029, driving unprecedented demand for NVIDIA GPUs. The resulting supply constraints have strained even Google, and AWS now faces potential capacity bottlenecks as cloud providers compete for scarce semiconductors.
