SHANGHAI — Costco opened up its first physical store in China on Tuesday, but then had to close it early because it was swamped with China-sized crowds. <br />According to CNBC, videos posted to Chinese social media show hoards of Chinese shoppers descending upon the store like it was packed with nothing but the latest Jordans. <br /><br />"The store has been clogged up with crowds," Costco said in a text message to customers. "To provide you with better shopping experience, Costco will suspend business in the afternoon. Please don't come." <br />According to CNN, the police had to be called in to help corral all the crazy shoppers, restore order and manage traffic jams around the store. <br />Photos posted by the police show one Costco sign reading, "the parking lot is full. It takes three hours to wait."<br /><br />CNN reports that Costco has had an online presence in China for five years in a venture with Alibaba. Their first physical store marks a big investment. <br />According to CNN, annual membership costs around $42. <br />Wonder how long it will be before Chinese consumers realize you probably didn't need a year's supply of peanut butter?
