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…
ByTesco turns to local partner in China
Nine years after entering the market, Tesco is in talks to merge its business in China with local retailer China Resources Enterprise in a venture where the UK retailer will be the minority partner.
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…
ByComment: 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.…
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…
UK/CHINA: Tesco “looking for JV partner in China”
Tesco is reportedly looking for a partner in China, a market the UK retail giant has been in for almost…
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