The French grocery retailer's move is the latest retreat by a Western company in China in the face of stiff competition from homegrown rivals
BEIJING—Carrefour SA, one of Europe’s largest grocery retailers, is unloading most of its operations in China, where big-box retailers are struggling to keep up with nimble delivery providers that are winning over shoppers.
The move also marks the latest retreat by a Western company in China in the face of stiff competition from homegrown rivals.
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