"The comprehensive digitization of retail elements is the first priority of traditional retail industry facing future development," said Suning Holdings Group's CEO Zhang Jindong in a letter to welcome 30,000 Carrefour workers in China. One of the world's biggest food retailers, Carrefour is in the middle of a major reorganisation after repeated losses. The deal in June valued its Chinese operations at 1.4 billion euros ($1.6 billion). Suning's stock was up 0.49 percent at 10.32 yuan.
"The comprehensive digitization of retail elements is the first priority of traditional retail industry facing future development," said Suning Holdings Group's CEO Zhang Jindong in a letter to welcome 30,000 Carrefour workers in China. One of the world's biggest food retailers, Carrefour is in the middle of a major reorganisation after repeated losses. The deal in June valued its Chinese operations at 1.4 billion euros ($1.6 billion). Suning's stock was up 0.49 percent at 10.32 yuan.