HEADLINE Tencent, Yonghui could invest in Carrefour

HEADLINE

Tencent, Yonghui could invest in Carrefour

By Li Yongqun | People's Daily app

18:12, January 23, 2018

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Logo of Carrefour (File photo)

Carrefour announced Tuesday that Tencent, a Chinese IT giant, and Yonghui, a well-known Chinese supermarket chain, might invest in Carrefour China. Carrefour  might sign a strategic cooperation agreement with Tencent as well.

The cooperation among these three giants will leverage Carrefour's global retail knowledge with Tencent’s technological excellence and Yonghui’s operational knowhow, particularly its deep knowledge of fresh products.

Carrefour and Tencent said they have signed a preliminary agreement regarding a strategic business cooperation in China, in order to bring together Carrefour’s longstanding retail knowledge and Tencent’s digital expertise and innovation capabilities.

The cooperation includes key partnership areas such as on data, smart retail, mobile payments, in-store experience and data analysis to boost Carrefour China’s customer traffic.

Cooperation and investment need to be further worked on among the three parties, Carrefour said.

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