European supermarket chain Metro plans to open its first store in Jinan, Shandong province in August 2017.
cash and carry
Germany's Metro Group says during 2014/15 financial year ended September 30, 2015, the group realized sales of EUR59.219 billion, a year-on-year decrease of 1.2%.
The joint venture agreement between CR Vanguard and Tesco has been approved by Chinese authorities, and the two parties will form a diversified retailing joint venture for businesses in Greater China.
German retail giant Metro AG announced that Jeroen de Groot, former chief operating officer at Metro's German headquarters, has been appointed new president for Metro China.
China Resources Enterprise has reportedly signed a memorandum of understanding with the British retail giant Tesco.
Retail giant Wal-Mart will open its first outlet in Guangzhou in November 2009.