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Another Retailer Crumbles in China as e-Commerce Sales Rise

Mohit Oberoi, CFA
Another Retailer Crumbles in China as e-Commerce Sales Rise

French retail giant Carrefour has agreed to sell an 80% stake in its China operations for ~$705 million to Suning.com, an Alibaba-backed company. While China represents a massive opportunity with its almost 1.4 billion population, it has not been an easy market for foreign companies, at least when it