HONG KONG (AP) -- British retail giant Tesco is paying a Chinese state-owned company $558 million to take over its supermarkets in China after failing to make headway on its own since entering the ...

HONG KONG (Reuters) - Tesco Plc (LSE:TSCO) will inject retail assets and HK$4.325 billion (344.9 million pounds) in cash into a hypermarket joint venture with China Resources Enterprise Ltd , the ...

Nine years after arriving there, British supermarket giant Tesco is to fold its unprofitable operation into a state-run company as a minority partner. It is in now talks to team up with China ...

With unprofitable results in China, Tesco has decided to scale down its operations and partner with a local retailer. Analysts have estimated that Tesco spent about $3.1 billion in setting up its ...

Britain's biggest supermarket chain, Tesco Plc, is reportedly dropping its brand in China when it officially enters into a joint venture with China Resources Enterprise Ltd, further consolidating the ...

Tesco has raised the stakes in its three-way global battle with Carrefour and Wal-Mart, assuming control of a joint hypermarket venture in China on Tuesday. “'We have seen exciting growth in China ...

Tesco's venture into the world's biggest market for food and groceries has proved to be challenging as the company struggles with negative growth in China. In the company's first quarter of 2013, ...