Carrefour sale shifts the balance of power in China’s new retail battle – TechCrunch

in #dlike5 years ago

Shared From Dlike

Hot on the heels of Amazon’s decision to shutter its local marketplace, Carrefour — another global commerce giant — is switching up its approach to China, and shifting the balance of power between the country’s tech giants. Carrefour, which is Europe’s largest retailer, sold a majority 80% stake in its China-based business to Chinese retailer […]


Source of shared Link