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Tesco plans Guangzhou HQ to boost south China expansion - report


Published : Thu, 19 Apr 2007 04:02
By : Agencies
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BEIJING (XFN-ASIA) - UK retailer Tesco PLC has set up a regional headquarters in Guangzhou, to help boost the group's presence in southern China, the China Business News reported, citing a company source.

The group already has three stores in south China, out of a total of 47 in the country, the newspaper reported.

Tesco entered China by acquiring a 90 pct stake in Hymall, a grocery brand formerly run by Taiwan's Ting Hsin International Group.

jianbo.wu@xfn.com

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