Bridging retail in China and overseas markets
By Ren Xiaojin | China Daily | Updated: 2019-09-30 08:10
Italy, Japan in Suning's expanding footprint that will bring 5,000 brands to domestic consumers
Suning Holdings Group, China's largest omnichannel retailer by sales revenue, plans to continue consolidating its global presence via mergers and acquisitions (M&A) and cross-border partnerships.
French hypermarket chain Carrefour Group agreed to sell 80-percent equity interest in its China business to the Nanjing-headquartered Suning in June.
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