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...
Tesco turns to local partner in China
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
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
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.
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 a decade but where it has slowed expansion in recent months.
