Costco acquired a piece of land in Suzhou - food tech news in asia

U.S. retail giant Costco is speeding up its layout in the Chinese market. On April 9th, subsidiary of Costco in Suzhou acquired a piece of land in Suzhou New District at the cost of more than 142.5 million RMB (US$20.2 million).

Costco plans to open a new warehouse store with a floor area of more than 50,000 square meters in Suzhou New District, which became a core business area, hosting companies such as AEON from Japan, IKEA from Sweden, Decathlon from France and Costco from . . .

This content is restricted to members only. Please press this link to register. Already a member? Please login.

You May Also Like

Plant-based celebrity chef Matthew Kenney will build restaurants in China

Plant-based celebrity chef and entrepreneur, Matthew Kenney, has revealed plans to bring…

Nayuki and HeyTea cut down prices of bubble tea drinks to enter the low-end market 

On March 29, the Chinese bubble tea brand, Nayuki, announced its first…