date:Aug 12, 2013
Lured by the prospect of a rapidly growing middle class in the world's second-biggest economy, many foreign firms have waded into China's retail market only to find they lack local expertise, particularly in building supplier relationships.
The world's No.3 retailer said on Friday it was in talks to team up with China Resources Enterprise Ltd (CRE) (0291.HK), a move that follows decisions to abandon the United States and Japan and focus on investing in its British home market.
The move woul