Tesco builds presence in China

Supermarket giant Tesco strengthened its presence in China today by taking control of a chain of 44 hypermarkets.

Tesco builds presence in China
Tue, 12 Dec, 2006 - 09:02
1

Supermarket giant Tesco strengthened its presence in China today by taking control of a chain of 44 hypermarkets.

Tesco previously held a 50% stake in the Ting Cao venture, which owns the Hymall stores, but will now increase the share to 90% following a deal with partner Ting Hsin worth around £180m (€266.5m).

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CourtsBusinessHeathrowPlace: ChinaPlace: ShanghaiPlace: BeijingEvent: New YearOrganisation: TescoOrganisation: Ting CaoOrganisation: HymallOrganisation: Ting Hsin
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