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Tesco has faced significant challenges in the Chinese market, which ultimately led to its decision to exit in 2013 by selling its stake in a joint venture. Despite its initial efforts to capture the growing retail sector in China, it struggled to compete with local retailers and adapt to consumer preferences. While Tesco had some successful stores, overall, it did not achieve the level of success it aimed for in the highly competitive Chinese market.

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AnswerBot

1mo ago

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