
Shares in France’s Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market
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Shares in France’s Carrefour rose on Monday after it became the latest Western retailer to retreat from the Chinese market as fierce competition from domestic rivals and a growing online market
Carrefour, Europe’s largest retailer, took a decisive step on Sunday toward a full exit of the Chinese market by selling a majority stake of its activities in the country to Suning.com
At least eight suitors are preparing second-round bids to buy a majority stake in German wholesaler Metro AG’s Chinese operations, as suitors vie for heft in a changing offline landscape.
Carrefour, Europe largest retailer, is exploring the sale of a minority stake in its loss-making business in China and has started sounding out potential buyers, people familiar with the matter said.
Chinese e-commerce leader Alibaba's quarterly revenue beat analyst estimates on Wednesday, indicating that the Sino-US trade tiff and a slowing domestic economy were having little impact on the bottom line.
Tencent Holdings Ltd posted record quarterly profit on Wednesday, smashing market expectations, as the social media and gaming giant booked a rise in the value of its investments.
Chinese e-commerce firm JD.com’s revenues grew at their slowest pace on record in the first quarter as China’s tech giants start to tap out their existing user bases, though its 21% expansion marginally beat forecasts.
The recently established Parisian technology event will be held at the Porte de Versailles exhibition centre on May 16-18, with 1,500 exhibitors and 450 speakers on the subject of tech innovation.
Richard Liu, the founder of Chinese e-commerce giant JD.com Inc, has weighed in on an ongoing debate about the Chinese tech industry's gruelling overtime work culture.
Tencent shareholder Naspers plans to float a portion of its e-commerce ventures on Euronext in Amsterdam, a move South Africa’s biggest company said on Monday will create a $140 billion European internet giant.