LONDON - Tesco, the world's No 3 retailer, plans to quadruple revenue in China to about 4 billion pounds ($6.4 billion) over the next five years by more than doubling its number of hypermarkets to more than 200.
The British group said on the second day of a trip with analysts to Asia that its expansion in China would deliver significant levels of profitability and returns, although it did not provide figures and target dates.
Tesco runs 82 hypermarkets and four "Lifespace" shopping malls stretching along eastern China.
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