In the context of the input sentence, determine the relationship between 'Cdiscount' and 'e-commerce'.
Options: industry, owner of, owned by, parent organization

Cnova includes a series of major e-commerce entities such as Cdiscount - operating in France, Belgium, Brazil, Ivory Coast, Colombia, Senegal, Panama, Ecuador, Thailand and Vietnam - and Cnova Brazil operating through Extra.com.br, Pontofrio.com and Casasbahia.com.br.
industry