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.






Be the first to comment on "Lenovo's Retail Deal Focuses On Recycling In China"

Leave a comment

Your email address will not be published.


*




  Other China News

ChinaTechNews.com:

Cainiao Network, China Life Create Massive Logistics Warehousing Fund

The9 Signs Share Exchange Deal With Korean KOL Business

Tencent OS Ceases Services This Week

China's Cashless Alliance Gains New ATM Member


GreenChinaTech:

Chinese Electric Bus Manufacturer Lands USA Deal

American Electric Car Manufacturer To Build In China

U.S. Clean Water Company Makes Chinese Inroads

GE Will Promote Wind Power Through New Chinese Education Center


ChinaSourcingNews.com:

JD To Build Global Logistics Headquarters In Xi'an

Wumart, AGS Sign Agreement For Seafood Direct Procurement

India Gains Second Factory From China's Xiaomi

85% of Indian Staff To Lose Jobs At China's LeEco