China's First Costco Closes Early After Shoppers Flood Grand Opening

Costco's opening in Shanghai attracted large crowds, leading to early closure due to overcrowding. Its popularity in China is partly due to its partnership with Alibaba, which helped launch its online store in 2014. Unlike Costco, other Western retailers like Amazon, Tesco, and Carrefour struggled in China and eventually exited. Analysts suggest that Costco must demonstrate a viable business model to sustain its success. A customer expressed interest in becoming a regular if prices are reasonable.

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