ABU DHABI/WAM Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and the Abu ...
Read More »Tencent to back Carrefour in challenge to Alibaba in retail
Bloomberg Tencent Holdings Ltd. plans to invest in Carrefour SA’s China unit, following Alibaba Group Holding Ltd.’s footsteps to uproot traditional grocery and department stores with technology. The social media giant, along with local retailer Yonghui Superstores, agreed to take a stake in Carrefour China, the companies said. They plan to work together on data, retail, mobile payments and data ...
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