British retailer Tesco will open Lifespace Mall Qingdao, the largest supermarket development in the city, on December 19, 2009.
Located at the intersection of Renmin road and Chongqing South road, the new Lifespace Mall is a comprehensive shopping center which has seven floors, including two underground and five above ground, and 600 parking spaces. With a total construction area of 74,000 square meters, it will host various Chinese and international brands such as KFC, Pizza Hut, Holiland, Daphne, Etam, and Mickey.
Tesco entered the Chinese market in 2004 and it currently has 65 supermarkets and six trial convenience stores in 29 Chinese cities.
This development is the latest example of how Qingdao is successfully attracting national and international investment; so far, 82 out of the top 500 enterprises worldwide have entered Qingdao, with 168 individual projects.