Carrefour Denies Reports it will Exit the Chinese Market

Global retailer Carrefour on Thursday [21 December 2017] denied media reports that it will sell its businesses in China, Argentina and Poland, Reuters reported. The information is false, a group spokesman said, when asked about a report by French monthly magazine Capital…Full Article: ENCS.cn Dec 2017 Key Point In 1995, France’s Carrefour entered mainland China.

Carrefour China at a Crossroads After Alibaba Invests in Sun Art Retail Group

A partnership between French retailer Auchan and internet giant Alibaba could push Carrefour further behind in China and could even persuade its new boss to pull out of the country. Alexandre Bompard took the helm at Carrefour, the world’s second-largest retailer behind Walmart, in July; on Jan 23, 2018, he will unveil his turnaround plan

South Korea’s Lotte Group Gets Go Ahead for Chengdu Project Amid Easing Tensions with China

Lotte Corp said on Monday [6 November 2017] that a major property development in China had received approval from local authorities to start a second phase of construction – the latest sign that tension between China and South Korea is easing. The announcement comes one week after an unexpected detente between the two countries, which

Walmart Stores to Be Used as JD.com Warehouses in Major Chinese Cities

Chinese e-commerce giant Jingdong (JD) announced Tuesday [25 July 2017] an inventory pooling scheme with American retailer Wal-Mart. Wal-Mart stores will serve as warehouses for JD in Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, and Wuhan…Full Article: ECNS.cn July 2017 Key Point As a result of the inventory (warehouse) pooling scheme, purchases from JD.com could potentially be

Sam’s Club China Targets Wealthier Customers with its Products

In the United States, Walmart Stores’ members-only Sam’s Club warehouse chain offers a wide range of products from bulk groceries to patio furniture at discounted prices in cavernous, no-frills stores, where goods are stacked on metal shelves. Walmart is doing the same thing in China but with some pricey twists, including $3,200 rice cookers and

Sun Art Retail to Develop its E-commerce Presence with US$150 Million Investment

Hypermarket operator Sun Art Retail Group said on Thursday [11 August 2016] it plans to invest 1 billion yuan ($150.6 million) in e-commerce development over the next two years. Executive Director Huang Mingduan, speaking at an earnings briefing, said he expects the company’s e-commerce business to break even in 2020-21…Full Article: The Global Times Aug