Costco Confirms First China Store Will Open In Shanghai In 2019

Source: Seattle Times, Monday, Feb 5, 2018

Costco CEO Craig Jelinek has said the warehouse club operator is constructing its first Chinese big-box outlet in Shanghai. The site is scheduled to open in April 2019. It comes after Costco secured the necessary licenses to operate as a physical retailer in the market, having operated online via Tmall since 2014.