UK: Tesco eager to step up oriental expansion, mulls warehouse distribution for Tesco.com
Leading UK retailer Tesco has described its plans to move into the Chinese grocery market as "having some urgency". The company's deputy chairman David Reid said in an interview with the McKinsey Quarterly's Paris office: "We have had a team out there for two years and that costs money. But there is no danger of getting closed out of the market yet as it's too big."
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