Tesco to take 20% stake in Chinese joint venture with CRE
date:Aug 12, 2013
res between CRE and other multi-national corporations and is consistent with Tescos stated strategy of focusing on profitable routes to growth in fast-growing but less mature markets, with a disciplined approach to the allocation of capital'.

Tesco is now focusing its efforts on the turnaround of its domestic operations, after falling market share and intense competition prompted the chain's first profits warning in 20 years in January 2012.

Tesco's first quarter trading update for 2013 reveal
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