British supermarket group Tesco announced that they would sell its 20% share to cooperation partner China Resources for GBP275 million, which is about CNY2.5 billion.
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.
China Resources Enterprise has reportedly signed a memorandum of understanding with the British retail giant Tesco.
British retailer Tesco opened a new supermarket in Quanzhou, Fujian province, which is the company's first outlet in this Chinese city.
British retail giant Tesco has signed its first collective labor contract with employees in China.
International environmental organization Greenpeace is taking supermarkets in China to court over excessive use of pesticides.
Chinese home appliances and electronics retailer Gome has signed a strategic cooperation agreement with Tesco Property in Beijing, and the Chinese retailer and its home appliances products will fully enter Tesco Property's Lifespace shopping centers.
British retail giant Tesco has signed a letter of intent with the Department of Commercial Services Administration of the Ministry of Commerce of China to jointly promote the sustainable development of the Chinese retail industry.
The British retail giant Tesco PLC has announced plans to establish a joint venture with a financial group to develop shopping centers in China.
The UK-headquartered retailer Tesco has held its first forum for climate change and the sustainable development of the retail industry in Shanghai, announcing that it plans to reduce the carbon emission of its Chinese business…