BUSS 4 RESEARCH THEME- CHINA 0.0 / 5 ? Business StudiesAdvantages-joint venturesA2/A-levelAQA Created by: hayden FrancisCreated on: 02-06-14 11:20 ADVANTAGES- JOINT VENTURES ADVANTAGES - JOINT VENTURES 1 of 3 TESCO JOINT VENTURE WITH CRE Tesco operated in china for 9 years and reported a loss in ech of the 9 years This was due to clubcard idea not being succesful Joint venture to gain local knowledge Tesco will have a 20% stake CRE have a brand to create a business with sales approaching $10 billion. 20% stake can earn around $20 billion annually 2 of 3 Renault and Dongfeng Worth 7.76 billion yuan ($1.27bn; £778m) Dongfeng motor group second largest in china Plans to build 150,000 vehicles and engines a year China is the largest car market 50-50 joint venture will be called Dongfeng Renault Automotive Co Ltd Vehicle sales rising by 4.3% in 2012 to 19.3m Under Chinese trade laws, foreign carmakers looking to launch manufacturing operations in China must have a local partner 3 of 3
5 strategies for the BUSS4 pre-release - AQA A2 Business Studies BUSS4 pre-release 2014 - China - Business Review 0.0 / 5
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