Carrefour was acquired by Suning.

Carrefour China, a wholly-owned subsidiary of Suning.com, plans to invest 4.8 billion yuan to acquire 80% of the shares, and Carrefour Group’s shareholding ratio will be reduced to 20%. The withdrawal of foreign-funded retail actually shows that foreign-funded enterprises have not adapted to China's local consumer behavior. The retail industry will definitely be dominated by local enterprises in the future. It is already a relatively common phenomenon for Internet companies to invest in the retail industry.

Carrefour Group (Carrefour) is an international retail chain group founded in 1959 by the Fourier and De Foret families in Boulogne-Billancourt, France. Carrefour Group mainly operates large supermarkets, supermarkets and discount stores, and has also developed convenience stores and membership-based mass merchandisers in some countries.

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Founded in 1959, the Carrefour Group is the pioneer of the hypermarket format. It is the largest retailer in Europe and the second largest international retail chain group in the world. It now has more than 11,000 operating retail units, and its business scope covers 30 countries and regions around the world.

The group leads the market with three main business formats: large supermarkets, supermarkets and discount stores. In addition, Carrefour has also developed convenience stores and membership-based mass merchandisers in some countries. In 2004, the group's after-tax sales increased to 72.668 billion euros, and its total number of employees exceeded 430,000.