Costco unveiled its new 44,500-square-meter store in the city often dubbed China’s “Silicon Valley” on Friday, drawing large crowds in search of bargains and imported products.
People line up outside the Costco store in Shenzhen, China, during its launch on January 12, 2024.
Social media was awash with images of people taking home the giant version of the bear, measuring five feet tall.
Lots-o-Huggin' Bear was among the more popular products on offer at the Costco store in Shenzhen during its launch on January 12, 2024.
In China, Costco faces intense competition from online shopping platforms, such as Taobao and Pinduoduo, in a market where consumers are accustomed to online retail.
Persons:
Costco’s, ” Kim Lin, Lin, ”, Olin Wang
Organizations:
Hong Kong CNN, Costco, CNN, Social, Sam’s, Walmart
Locations:
Hong Kong, Shenzhen, China, Shanghai