Tencent, Yonghui to invest in Carrefour unit

French retailer Carrefour SA has announced a potential investment by Chinese tech giant Tencent Holdings Ltd and hypermarket operator Yonghui Superstores Co Ltd in Carrefour China, aiming to boost its struggling Chinese businesses. Carrefour did not reveal the exact amount involved.

According to the retailer, the investment would leverage Carrefour's global retail knowledge, Tencent's technological leadership and Yonghui's operational knowhow, in particular its deep knowledge of fresh products.

Upon completion of the investment, Carrefour would remain the largest shareholder of Carrefour China.