Carrefour to enter 30 new Chinese cities in three years

French Carrefour SA, the world's second-largest retailer by revenue, said on Monday that it will set up operations in 30 new Chinese cities in the next three years.

In March, Carrefour announced it had opened its first hypermarket in the Inner Mongolia autonomous region to further its penetration into lower tier cities. Currently, it has more than 220 stores in over 60 cities in China.