France’s Carrefour will invest billions in online shopping and work with China’s Tencent
Bloomberg News
(Bloomberg)—Carrefour SA is forming a partnership with Chinese tech giant Tencent Holdings Ltd. and investing 2.8 billion euros ($3.4 billion) over five years in online shopping as CEO Alexandre Bompard seeks to fend off Amazon.com Inc. A sweeping overhaul announced Tuesday will result in 2,400 job cuts at its French headquarters, the Boulogne-Billancourt, France-based retailer […]