1 / 3Costco's Shanghai store opens on Tuesday, five years after the US retail giant make its first online foray into China through Alibaba's cross-border e-commerce platformCostco's Shanghai store opens on Tuesday, five years after the US retail giant make its first online foray into China through Alibaba's cross-border e-commerce platform The US retail giant Costco is diving into the thorny area of food retail in China with its first store opening this week, but analysts warn...
And German wholesaler Metro is in the process of selling its operations to a local bidder and British grocery giant Tesco pulled out of the Chinese market in 2014. Richard Zhang, Costco's senior vice president for Asia, told AFP they had a"conservative" goal to sign up at least 100,000 new members for the new store, which is in a suburban district of Shanghai with a two million-strong population.
"The cost of building a home delivery service is very high and may affect Costco's basic strategy to provide the lowest available prices," he said.
Their are plenty of Americans who shop these stores, all business suffer when governments get in business way. Consumers shop and leave POLTICS at home. Good luck to them
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