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German electronics retailer to open 100 stores
german retailer metro group will opening its first consumer electronic shop in shanghai on nov t 17 as the chinese mainland's consumer goods market is expected to reach 180 billion euros in 2020 t metro teamed up with foxconn international in a 200-million-u.s t dollars joint venture to bring media markt to china , with foxconn owning 25 percent of the joint venture , said eckhard cordes , chief executive officer of metro group t metro plans to open 10 stores in shanghai by 2012 and 100 .. .
european electronics retailer media markt is looking to dip into the ever-deepening pockets of china's middle class by opening its first china store in shanghai november 17 t but analysts question the feasibility of the company's ambitious expansion plans t the german retail chain , in which foxconn technology group holds a 25 percent stake , plans to solidify its shanghai foothold by launching 10 stores before 2012 t the ambitious plan then entails expanding to 100 stores nation .. .
Generated 2010-11-7_9:13
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