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00:48
Retail giant Costco eyes Greater Bay Area market with new store
STORY: Retail giant Costco eyes Greater Bay Area market with new store
SHOOTING TIME: Jan. 12, 2024
DATELINE: Jan. 13, 2024
LENGTH: 00:00:48
LOCATION: SHENZHEN, China
CATEGORY: ECONOMY
SHOTLIST:
1. various of Costco's opening in Shenzhen
STORYLINE:
U.S. retail giant Costco Wholesale on Friday opened a new store in the Chinese city of Shenzhen.
This marks the sixth Costco store on the Chinese mainland.
The store covers an area of 44,500 square meters, with nearly 15,000 square meters dedicated to shopping space.
This opening represents a crucial step in the retail giant's expansion into south China.
Costco decided to open the new Shenzhen store because of the city's development potential and economic hub status in the Guangdong-Hong Kong-Macao Greater Bay Area, said Prudence Jang, Country Manager of Costco China.
Costco has over 870 stores worldwide, and some 120 million members. It opened its first store on the Chinese mainland in 2019 in Shanghai.
Xinhua News Agency correspondents reporting from Shenzhen, China.
(XHTV)
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