COSTCO is coming to Shanghai! Its first ever store in mainland China will open this August.
COSTCO is an American multinational corporation which operates a chain of membership-only warehouse clubs. As of 2015, COSTCO was the second largest retailer in the world after Walmart. It was one of the exhibitors during the first CIIE last year. COSTCO is set to help Shanghai become a center of international consumption.
A report from Shanghai Municipal Commission of Commerce revealed that in 2018 there were 835 companies opening their first store in Shanghai. This year, that number will be at least 500 by now. It all goes to show how Shanghai is creating good business environment that appeals to foreign investment!