After nine years in China, British supermarket firm Tesco is to fold its unprofitable operation into a state-run company as a minority partner, becoming the latest foreign retailer to give up on trying to crack China on its own.Lured by the prospect of a rapidly growing middle class in the world's second-biggest economy, many foreign firms have waded into China's retail market only to find they lack local expertise, particularly in building supplier relationships.The world's No.3 retailer said on Friday it was in talks to team up with China Resources Enterprise Ltd (CRE), a move that follows decisions to abandon the United States and Japan and focus on investing in its British home market.The move would cede control, with Tesco having just a 20 percent stake, but bring their combined market share close to market leader Sun Art Retail Group Ltd.
Market Leader, Inc., online technology and marketing solutions for real estate professionals across the United States and Canada. Shares of LEDR traded higher by 1.67% or $0.21/share to $12.81. In the past year, the shares have traded as low as $4.59 and as high as $13.46. On average, 316625 shares of LEDR exchange hands on a given day and today's volume is recorded at 168548.
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