Carrefour collaborates with Tencent and Google for e-commerce attacks

Tinuku - Carrefour SA, Tencent Holdings Limited and Google LLC collaborate to conduct e-commerce attacks and accelerate the expansion of digital commerce. The retail giant based in Boulogne-Billancourt is building alliances with technology giants from Shenzhen and Mountain View as an "absolute" priority in the face of competition by Amazon.com Inc. and Alibaba Group,

Carrefour CEO Alexandre Bompard told shareholders on Friday, saying accelerating the expansion of digital commerce was an "absolute" priority in the face of competition from other online competitors. Europe's largest retailer in January also announced plans to increase e-commerce investment and seek partnerships in China in the digital shopping product race.

Tinuku Carrefour collaborates with Tencent and Google for e-commerce attacks

"Six months ago we were isolated. All retail alliances are in progress without us. Now we have an agreement with Tencent and Google. I am very proud of this partnership that shows Carrefour back at the highest level worldwide, "said Bompard.

In March, Carrefour announced a 34 percent cut to its annual dividend after it reported a net loss of 531 million euros for 2017 and a 14.7 percent drop in operating profit. Bompard told shareholders that he would make a proposal to the council where in the future it would not "cause a debate".

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