Retail in Asia

In Shops

Tesco plans expansion in south China

Tesco, the world’s third largest retailer, plans to expand its property-owned chain of stores in south China to 15 to 20 within the next five years.

China Daily quoted Tesco Property Limited operation manager Chen Pei as saying the company would continue the policy of purchasing land and build their own properties in China.

Chen said the move aimed to maintain sustainable development in the country amid a fierce retailing industry.