PARIS: A partnership between French retailer Auchan and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country. Failing the rapid conclusion of such a partnership, a decision could be taken at Carrefour to sell assets in China," they added. Former CEO Georges Plassat repeatedly said Carrefour would stay in China and did not rule out a deal with a local partner, although nothing materialised. 2 e-commerce firm,Auchan's partnership with Alibaba risks further relegating Carrefour to the sidelines in China, analysts said. "After a deal with Sun Art, there seems to be little incremental value in doing a deal with Carrefour for Alibaba.

Source: New Strait Times November 21, 2017 13:18 UTC