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600
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acquired
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all announced april become billion carrefour carry china chinas commercial completion controlling cooperation country dia direct estate express garden international invest its january june nationwide other plans property reached real retail settled shareholder shares small smart stores subsidiary suning tiantian transaction valuation wasSuning Yunshang Group Co., Ltd Editorial Photo
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Suning yunshang Group Co., Ltd #166403427
Description
In January 2017, Suning acquired all shares of Tiantian express with a valuation of 4.25 billion. Acquired dia China in April 2018. On April 12, an agreement was reached with country garden to carry out commercial real estate cooperation nationwide. In 2018, about 600 Suning small stores, Suning Direct stores and other smart retail stores settled in Country Garden property. On June 23, 2019, Suning e-buy announced that its wholly-owned subsidiary Suning international plans to invest 4.8 billion yuan to acquire 80% of Carrefour China`s shares. After the completion of this transaction, Suning e-buy will become the controlling shareholder of Carrefour China.
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