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TESCO To Fold Own China Operations, Opts For Minority Deal
Reuters reports that after nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China on its own.
Read Full Article: http://www.ajot.com/news/tesco-to-fold-own-china-operations-opts-for-minority-deal
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