Alibaba / Tencent. The race is on to lead Chinese grocers

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27 February 2018 à 10h12

Updated on 10 May 2019 à 17h20

Reading time

2 minutes

Publication: 27 February 2018 à 10h12, Updated on 10 May 2019 à 17h20

Reading time: 2 minutes

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Publication

27 February 2018 à 10h12

Updated on 10 May 2019 à 17h20

Reading time

2 minutes

Publication: 27 February 2018 à 10h12, Updated on 10 May 2019 à 17h20

Reading time: 2 minutes

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Explore the mind Retail subscription

Eager to tackle groceries as the last frontier in e-commerce, almost all grocery retailers active in China have teamed up with Internet giants. In mid-January 2018, Carrefour-China announced an agreement with Tencent and Yonghui as new shareholders. Tencent owns the country’s biggest social network “WeChat”, the leading digital wallet payment system “WeChatPay” and is also the biggest shareholder of JD.com, China’s 2nd biggest online retailer by sales. In December 2017, Tencent invested US$638

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