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Report: Suning.com to open about 200 concessions in Carrefour China stores

Chinese electronics retailer Suning.com Co. Ltd. will open about 200 concessions within Carrefour SA supermarkets across the country by Sept. 28, Caixin Global reported Sept. 17.

The company will sell its home appliances and electronics products inside the supermarkets and customize its offering based on each store's location and customer profile.

In June, Carrefour agreed to sell an 80% stake in Carrefour China to Suning.com for €620 million, or 4.8 billion yuan.

As of Sept. 17, US$1 was equivalent to 7.09 Chinese yuan.