Lotus Opens First “Five Star” Supermarket In Shanghai

Major supermarket chains are finding new ways to tap into China’s growing ranks of wealth urban consumers. In Shanghai, the Thai hypermarket chain Lotus — a joint venture of the Charoen Pokphand Group and British chain Tesco in China — this week opened its first “five star” hypermarket, in an attempt to meet the demand of wealthy Shanghainese (and foreign residents) for more premium and imported...