Tesco (TSCDY.PK) has announced its first joint venture with Asian investors, HSBC Nan Fung China Real Estate Fund, Metro Holdings of Singapore and Nan Fung Group of Hong Kong, kicking off its plans to expand in China. The £100m investment will see the development of three new shopping malls.

The short base for Tesco is very low, but is seeing a steady rise to 0.3% from 0.2% over the past week. The short base represents 1.1% of the total shares available for borrowing, according to Data Explorers.