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Chaos, Long Lines as Costco Opens First China Store in ShanghaiOn August 27, the U.S. brick-and-mortar wholesaler Costco opened its first store in mainland China. With 776 stores across 12 countries and regions, this 150,000 square foot location in Shanghai’s southwestern suburbs of Minhang is Costco’s latest and China’s first. Offering an annual membership at a usual rate of 299 yuan ($42) but for the opening at a special promotional rate of just 199 yuan ($28), consumers flocked to the store in droves to buy everything from fresh food to electronics and high-end luxury goods. Massive crowds led to three-hour queues for parking spots, waits of up to two hours to checkout, and customers battling each other for shopping carts. September 01, 2019
Andrew D
Pagoda Carves Out Market for Small Newton ApplesPagoda’s new type of small apples from South Africa, launched in June 2019, is expected to prove popular with Chinese consumers August 26, 2019
Tim
Walmart Plans to Invest $1.2b in China Supply Chain LogisticsWalmart announced on July 1 that it intended to invest RMB 8 billion ($1.2 billion) in its supply chain logistics in China, including ”building or upgrading more than 10 logistics distribution centers” here over the coming 10- to 20-year period. July 09, 2019
Dan Siekman
In First Ever Store Closing, YH Super Species Shutters Shanghai Wujiaochang BranchOn July 4, Super Species marked an inevitable but inglorious new milestone: the first closing of one of its stores. The Super Species Shanghai Wujiaochang store had originally opened in November of 2017. July 07, 2019
Dan Siekman
Suning Announces RMB 4.8b Deal for 80% Stake in Carrefour ChinaNanjing, China-based retailer Suning.com announced on June 23 that it intends to purchase an 80% stake in French hypermarket retailer Carrefour’s China operations for a sum of RMB 4.8 billion ($698 million). Carrefour will retain the remaining 20% share. June 25, 2019
Dan Siekman
Miss Fresh and Tencent Aim High with Strategic PartnershipThe two companies prepare to launch their “Smart and Fresh 100 Billion Plan” June 24, 2019
Tim
Sam’s Club Soon to Have Eight Stores in BeijingSam’s Club expects to operate 40 stores in China by 2020 June 18, 2019
Tim
Global Retailers Aldi and Costco Test the Waters in China with New OutletsAldi recently celebrated the opening of two outlets in Shanghai, while Costco has announced it will complete its first mainland store by August. June 17, 2019
Dan Siekman
[Press Release] Shipping Solutions Aplenty at Asia Fruit LogisticaVisitors to Asia’s premier fresh produce trade show will be able to find a wide range of leading logistics service providers and technologies June 16, 2019
Produce Report
Jingold Celebrates the Superior Quality of its Chilean KiwifruitBenefiting from abundant sunlight, this season’s Jintao, a star yellow-hearted kiwi cultivar, possesses superior quality with a sugar content reaching upwards of 20%. June 15, 2019
Jing Zang

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