Business Intelligence on Retailing, Franchising, and Consumerism in China

Lenovo's Retail Deal Focuses On Recycling In China

British retail chain operator Tesco Plc recently announced that it established a partnership with Lenovo Group to develop a green IT project in China.

Under the agreement signed between the two sides, Lenovo will collect Tesco's used IT products with environment-friendly standards, and outsource those products to its affiliated company for recycling process.

Environmental protection has been a major issue in Tesco's corporate social responsibility policy. The company aims to cut carbon dioxide emissions at its stores by 50% by 2020.

In China, Tesco currently runs 81 hypermarkets and plans to open 23 stores in fiscal year 2010.

Financial terms of this deal were not revealed.

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