Lotte signals expansion in Chinese market

BEIJING - Lotte Mart Co China, a division of South Korea's Lotte Group, is planning to open more than 200 stores in China by the end of 2018, a step driven by an aggressive overseas expansion strategy.

"We plan to have 300 supermarkets in China by the end of 2018, Including several regional store-openings this year," said Guo Miao, public relations manager of Lotte Mart China on Friday.

Guo said the retailer will open three outlets in North China's Hebei province this year. Meanwhile, the company says it will also open eight stores in East China and three more outlets in Jilin and Liaoning provinces by the end of the year.