News Summary

• It’s the US retailer’s sixth store in the world’s second biggest economy, but its first foray along the southern coast of the country, which is home to the headquarters of Chinese tech giants like Tencent and DJI and a rapidly growing middle class..
• More than four years after Costco’s first store in the country caused a stir, shoppers in the southern metropolis of Shenzhen this week flocked to the US retailer’s latest outlet on Chinese shores..
• When Costco opened its first store in Shanghai in 2019, it had to shut down early on its first day after it was overwhelmed by the number of shoppers..
• “I didn’t expect to see so many people,” Kim Lin, one of the first shoppers to enter on Friday, told CNN..
• Among the more popular products on offer at the Costco opening were discounted fruits, such as cherries and berries, and the Chinese spirit Moutai, according to shoppers who spoke to CNN..
• Social media was awash with images of people taking home the giant version of the bear, measuring five feet tall..