As far as Stco’s old friend Galaxy Group is concerned, Shenzhen is its base camp. In the Longhua District of Shenzhen alone, Galaxy Group has already developed two old renovation projects, Galaxy Legend and Galaxy Shengshi. In terms of business, Galaxy Group owns Longhua ICO, Longgang ICO, Longhua Galaxy COCOCity, Futian Galaxy COCOPark and other projects in Shenzhen.
Considering factors such as competitors, regions, and partners, Costco’s Shenzhen project is of great significance. At the same time, the layout of Sam’s Club in Shenzhen is also accelerating. There is unconfirmed news that the 4th store of Sam’s Club in Shenzhen will be located in the Luohu China Resources Hubei Center.
In the past year, Costco has announced plans for three new stores in Shanghai, Hangzhou, and Suzhou. Now that Shenzhen, which chooses Sam’s home court, the foreseeable future is that competition among membership-based retail giants in this land will inevitably become fierce.