Customers swarm Costco store at opening in Shanghai

The trade war between the U.S. and China clearly weren’t on the minds of the Chinese that stormed Costco’s first-ever store in the country on Tuesday.

Costco (COST) cut the ribbon at its new store in Shanghai and proceeded to watch shoppers overrun the expansive aisles, as seen in numerous posts on Twitter. For Costco, the day one response — and the inevitable surge in new memberships — should temper concerns on Wall Street that its bulk-selling model wouldn’t work in the hyper local Chinese food market.

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