Tesco China

On 29 May 2014 Tesco completed the formation of a joint venture with China Resources Enterprise, Limited to create the leading multi-format retailer in China.

China is a strategically important growth market for Tesco. The joint venture combines Tesco best in class retail practices, international sourcing and multi-channel capabilities with CRE’s strong local knowledge and brand, to create a business which is the country's largest food retailer. Tesco will bring together stores, located on the Eastern Seaboard, into the new venture.

Separately, Tesco international sourcing headquarters are based in Hong Kong, and they source more than 50% of all clothing and 40% of other non-food items through the global sourcing office. Tesco China currently buy around £2bn worth of goods and services from China for the Tesco Group every year.

Tesco China operate through 135 stores