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Xiao Yi: the End of Retail Giant Carrefour China (Part 1) | Suning Yicai Global
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On September 9, 2025, Suning Commodity Group Co., Ltd. (hereinafter referred to as "Suning Commodity") announced the sale of equity interests in 12 Carrefour China subsidiaries located in Changsha, Jinan, Zhuhai, Hohhot, Tianjin, Beijing, and Shijiazhuang for a nominal price of RMB 1 per subsidiary. These subsidiaries have ceased operations and have negative net assets, resulting in corresponding equity valuations ranging from -RMB 655 million t…
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