Tesco turns to local partner in China Archives - Just Food
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Tesco turns to local partner in China

Timeline: Tesco’s challenges in China

Tesco made its move to enter China in 2004, buying a stake in local hypermarket operator Hymall. After a challenging nine years, the UK retailer is in talks to merge its business there with local...

Best bits: Tesco’s face-saving plan for Chinese business

Best bits: Tesco’s face-saving plan for Chinese business

Nine years ago, Tesco first entered China and high hopes for its business there. After losses and falling sales, it is set to become a minority partner in a venture with China Resources Enterprise, evidence, Dean Best writes, of the UK retailer's failure in the market.

Comment: Tesco, China Resources JV part of growing trend

Comment: Tesco, China Resources JV part of growing trend

Confirmation that Tesco is in joint venture talks with China Resources Enterprise highlights a mounting trend in the FMCG sector. International companies eyeing growth in the rapidly expanding Chinese market are seeking out local joint venture partners. If Tesco's negotiations with CRE prove successful, a stronger business will emerge, Katy Askew suggests

CHINA: Tesco, China Resources Enterprise in JV talks

CHINA: Tesco, China Resources Enterprise in JV talks

UK retailer Tesco and China Resources Enterprise (CRE) have confirmed they are in exclusive talks to combine their Chinese retail operations in a move the companies claimed would create "the leading multi-format retailer" in the country.