French retail giant Carrefour has become the biggest foreign retailer in China in terms of the number of stores it has.
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The chain has opened 28 stores in 16 major cities in China since it first entered that market in 1995. Carrefour’s main rival in China, US giant Wal-Mart, entered the market in 1996 and has 21 branches in six provinces, mostly in southern China.
The world’s third-largest retailer, Germany’s Metro, has only 15 stores in China and has a much smaller market share, reported Asia Pulse.
