Posted inChina

Tencent to back Carrefour China in retail partnership

French multinational retailer Carrefour’s China unit said on Tuesday that Internet giant Tencent, along with local retailer Yonghui Superstores, have agreed to take a stake in the company, Yicai.com reported. The three companies plan to work together on data, smart retail, mobile payment and data analysis. Through the cooperation, Carrefour will increase its online exposure […]