Tesco has today (12 November) revealed the first in a series of planned ventures that will build shopping malls in China.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


The UK retailer said the first venture will develop three shopping malls in Anshan, Fushan and Qinhuangdao, each of which will include a Tesco hypermarket as the anchor tenant.


“The malls are part of Tesco’s long-term strategy to invest in building a substantial business in China,” the company said.


In the twelve months up to next February, Tesco will open 18 new hypermarkets in China.


Some 50% of the first venture will be owned by a syndicate of Asian investors including HSBC Nan Fung China Real Estate Fund, Singapore’s Metro Holdings and Hong Kong’s Nan Fung Group.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact