Tencent to invest in Carrefour's China unit to take on Alibaba in offline retail

Tencent to invest in Carrefour's China unit to take on Alibaba in offline retail

A Carrefour logo seen on display at a Carrefour SA supermarket in Paris, France. Photographer: ANTOINE ANTONIOL/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.

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