Carrefour China to be a bonus for Suning

Having a controlling stake in Carrefour China will help Suning overcome its shortcomings, said the chairman of the Chinese retailer giant Suning.com in internal meetings on July 1 and 2. On June 23, the Suning International Group Co, Ltd, a wholly-owned subsidiary of Suning.com, announced a payment of 4.8 billion yuan (US$699 million), which will […]