Carrefour Will Be Keen To Retain 'Laboratory' Aspect Of Chinese Venture: Analysis
While discounter Aldi has just made its first foray into the Chinese market, Carrefour has become the latest big name retailer to announce a retreat from the Asian country.
On Sunday, Carrefour announced it was selling 80% of its Chinese operations to Suning.con in a deal that values the Carrefour China operation, including debt, at €1.4 billion.
Under the terms of the deal, Suning.com, which is backed by Alibaba, has the option to purchase the remaining 20% stake in the business if Carrefour decides to exit the market entirely.
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