Code completion, a crucial task in software engineering that enhances developer productivity, has seen substantial improvements with the rapid advancement of large language models (LLMs). In recent years, retrieval-augmented generation (RAG) has emerged as a promising method to enhance the code completion capabilities of LLMs, which leverages relevant context from codebases without requiring model retraining. While existing studies have demonstrated the effectiveness of RAG on public repositories and benchmarks, the potential distribution shift between open-source and closed-source codebases presents unique challenges that remain unexplored. To mitigate the gap, we conduct an empirical study to investigate the performance of widely-used RAG methods for code completion in the industrial-scale codebase of WeChat, one of the largest proprietary software systems. Specifically, we extensively explore two main types of RAG methods, namely identifier-based RAG and similarity-based RAG, across 26 open-source LLMs ranging from 0.5B to 671B parameters. For a more comprehensive analysis, we employ different retrieval techniques for similarity-based RAG, including lexical and semantic retrieval. Based on 1,669 internal repositories, we achieve several key findings: (1) both RAG methods demonstrate effectiveness in closed-source repositories, with similarity-based RAG showing superior performance, (2) the effectiveness of similarity-based RAG improves with more advanced retrieval techniques, where BM25 (lexical retrieval) and GTE-Qwen (semantic retrieval) achieve superior performance, and (3) the combination of lexical and semantic retrieval techniques yields optimal results, demonstrating complementary strengths. Furthermore, we conduct a developer survey to validate the practical utility of RAG methods in real-world development environments.