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Is Costco Chinese Owned?

All you need to know about Chinese ownership of Costco

Costco is a huge wholesaler that offers everything from food to tyres to furniture to electronics to jewellery. Costco has locations in the United States, the United Kingdom, Australia, Europe, and other countries.

The subject of whether Costco is Chinese owned comes up frequently. It’s a good thing to ask because several of the products it offers are made there. I did some research and came up with the following!

Table of Contents

Is Costco Chinese Owned In 2022?

Costco is not currently owned by China, and it has never been owned by China before 2022. Costco is also an American-owned firm, with the first warehouse launching in Seattle in the early 1980s. Some Costco products, notably those for its own label Kirkland Signature, are made in China.

Continue reading to learn more about Costco’s ownership, Costco items created in China, and Costco locations in China.

What Country Owns Costco?

Costco has always been a wholly owned American corporation. On September 15, 1983, James Sinegal and Jeffrey H. Brotman launched the first Costco warehouse in Seattle.

Then, in October 1983, a second store opened in Portland, followed by a third in Spokane in December. Costco currently operates 558 of its 804 stores in the United States, indicating that the company is well established in the country.

Are Costco Products Made In China?

Costco carries a wide variety of products, some of which are manufactured in China.

Apple products (iPhones and iPads, for example), numerous clothing companies, and others are among them.

In addition, some of the items under Costco’s own label, Kirkland Signature, appear to be manufactured in China.

Costco appears to strive to manufacture its private label products in the United States in many circumstances, however apparel and electronics are likely to be made in China.

Given that China accounts for 28.7% of global manufacturing production, it’s likely that many brands manufacture in China, even if they don’t mention it.

Are There Any Costco Stores In China?

Yes, there is presently one Costco location open in China, which debuted in Shanghai in August 2019.

The first Costco in China has been a big success as a result of this. By October 2019, it has grown to over 200,000 members, well exceeding the 68,000 average.

Costco also made headlines when, due to overpopulation, the Chinese warehouse had to close its doors for four hours on opening day.

Meat, fruit, lobster, and luxury handbags are currently the most popular commodities sold at China’s Costco.

In addition, a new Costco is slated to open in China in the near future.

Conclusion

Costco is completely owned by the United States and has no ties to China. Despite the fact that China does not own Costco, it produces a variety of products for the company.

Furthermore, China recently welcomed its first Costco, which has been a huge success.

As a result, if Costco can keep its stores open in China, it has a huge opportunity to expand tremendously.