52 billion entered the market, 2 million exited, Suning sold Carrefour.

At the end of June, ST Yigou announced that it had completed the 100% equity delivery of KeYOUshi Holdings, with the buyer Hong Kong Fast World taking over for 2 million yuan. After the transaction was completed, the operating entity of Carrefour China officially exited, with ST Yigou expected to add a net profit of 1.271 billion yuan, while reducing the total debt by about 5%. This seven-year-long merger and acquisition ultimately concluded with the low-priced sale of assets. This is not only a crucial step for Suning Yigou to shrink its non-core business and resolve debt risks, but also reflects the ongoing trend of continuous clearance of traditional large shopping mall formats in China.