Five-foot Toy Story 3 bear draws the crowds at Costco’s first store in ‘China’s Silicon Valley’

Five-foot Toy Story 3 bear draws the crowds at Costco’s first store in ‘China’s Silicon Valley’
Hong Kong CNN
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.
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.
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. Shenzhen alone has a population of more than 17 million and, in 2022, a GDP of $460 billion, according to its local government.
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.