Suning.com announces the acquisition of Carrefour China to achieve leaping development of FMCG retailing operations - Seite 2

With the Company's advantages of smart retail, Suning.com will promote the digitalization of Carrefour China's existed stores to create leading innovative supermarket shopping experience. Meanwhile, by connecting the more than 6,000 Suning Xiaodian with Carrefour China's outlets, Suning's 'Last-kilometer' home delivery is able to serve more consumers with lower cost but higher efficiency.

Tian Rui, Vice President of Suning.com said, "In the future, we expect to open up the access for Suning's various business models, such as household electronics selling, Redbaby, JIWU, Suning Financial Services, SuFresh and Suning Xiaodian's Immediate Delivery, to get into Carrefour China's stores located in the central business and living areas of Chinese 1^st and 2^nd tier cities. It will help us better meet more consumers' needs due to strengthened core capabilities achieved by retail store innovation. With 400 million registered customers of the Company's retailing segment, Suning.com's users-ecosystem will also be complemented with Carrefour China's membership system, fully improving the customer value."

About Suning.com
Suning.com is a leading online-to-offline (O2O) smart retail company in China. In the era of the Internet, Internet of Things and Big Data, Suning continues its long-term commitment to promote the integration of smart retail and O2O, full category operations, omni-channel operations, global expansion, logistics cloud services, data cloud, and financial cloud services, enabling one-stop shopping solutions through bricks-and-mortar stores, PCs, mobile devices and TVs at home.

As of the end of 2018, Suning.com owns more than 11,000 stores in its local and overseas retail network, which includes Suning.com Plaza, Suning Cloud Store, SuFresh, Redbaby, JIWU, Motor Company, Suning.com Direct-sales Store and Suning CVS. Suning.com's online business witnessed accelerated growth among other e-commerce sites through direct-sales and open cross-platform operations, putting Suning among the top three in China's B2C platforms. Suning.com is listed on the 2018 Fortune Global 500.
For more information please visit www.suning.cn.

About Carrefour
With a multiformat network of more than 12,000 stores in over 30 countries, Carrefour Group is one of the world's leading food retailers. Carrefour serves 105 million customers worldwide and posted sales of 84.9 billion euros in 2018. The Group has more than 360,000 employees who contribute to making Carrefour the world leader in the food transition for all, offering quality food every day, accessible everywhere and at a reasonable price.

For more information, visit www.carrefour.com, Twitter (@CarrefourGroup) and LinkedIn (Carrefour).

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