Carrefour takes a step back, Wal-Mart accelerates

In China, the race for ultra-fast delivery has defeated Carrefour. This pressure continues to disrupt across the entire landscape of large food retailers. Carrefour has been selling into China for 25 years, and spent more than one year working with Tencent on digital transformation. However, in late June 2019, Carrefour announced a transfer of 80% of Chinese operations (210 hypermarkets and 24 convenience stores) to the non-food distributor Suning.com.…