Comments 
Print 
Mail 
Large Medium SmallTesco, one of the world's largest retailers, plans to expand the number of its property-owned stores to 15 to 20 in South China within the next five years, a senior company manager said.
"We will continue the policy to buy land and build our own properties in China," said Chen Pei, operation manager of Tesco Property Limited.
After entering China in 2004, the Britain chain store established its property business in China in 2008, the company sources said.
The retailer just opened a large shopping mall in Guangzhou, the capital of Guangdong province, on April 28. It became the company's ninth property-owned store in China.
"Building property-owned shopping malls will help us to maintain sustainable development in China amid a fierce retailing industry," Chen said.
Watermelons now come with scannable data
Rubber Duck falls into Victoria Harbor
Car wreck over car parts quality claim
Gales, hailstorms batter villages in SW China
Ram with artificial heart sets survival record
The future of wearable computers
Anniversary quake drill jolts students
15,000 tour memorial hall on quake anniversaryCopyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
