date:Jun 28, 2013
rise in rents, the physical retail stores' business is seeing less revenue than before. Tesco China has closed several stores in recent years.
Before Tesco China's move, Wal-Mart China, Carrefour China and Shanghai-based NGS Supermarket had already started their e-commerce operations. Wal-Mart China purchased yihaodian, a Chinese online supermarket, while the other two set up their own e-commerce systems.
According to insiders, to set up a new e-commerce system, the physical retail stores wil