Suning.Com Completed The Acquisition Of Carrefour China Equity 31 Stores Opened In The Same Period

On September 29th, second days after suning.com completed the stock transfer process of Carrefour China, 31 sunning Carrefour stores in Shanghai opened in the same period.

It is reported that Suning Carrefour uses shop in store mode, that is, the original Carrefour store opened up a certain space for selling Suning's special products, including refrigerators, washing machines, air conditioners, color TV and other living appliances, as well as mobile phones, computers and other 3C products. However, there are not many suning.com stores in the category of shop products. According to Suning's side, the store stores mainly evaluate the consumers' needs in the surrounding areas through big data evaluation. For the products that are not sold at the scene, the staff will also guide consumers to purchase online through small programs and app.

According to media reports, suning.com announced in September 27th that it had completed the acquisition of Carrefour China's equity transfer procedures.

The announcement shows that in September 26, 2019, suning.com subsidiary Suning international payment completed the transfer price. Suning international and transferor agreed to complete the delivery process of Carrefour 80% stake in accordance with the "share purchase agreement", and the company implemented the acquisition of equity.

On the day of the announcement, Zhang Jindong, chairman of Suning holding group, held an exchange with Carrefour's China core team at the four quarter of Carrefour's work deployment meeting, and said, "in the next five years, in the 1 to 3 line market, we have set up the development target of 300 Carrefour stores, and strive to catch up with WAL-MART."