Chinese e-commerce giant Alibaba (NYSE:BABA) intends to gradually close the last of its Costco-like members-only stores, ...

Alibaba Group Holding Ltd. plans to gradually wind down the last of its Costco-like members-only stores, underscoring its ...

Alibaba is rapidly expanding it's new offline retail store, Hema, throughout China. The tech giant has grown its brick-and-mortar supermarket to 65 stores over the last year.

Alibaba added that Hema shoppers on average made four to five purchases a month and 50 a year. Online orders, on average, accounted for more than half of total orders, it said.

Hema is the chief component of Alibaba’s other category which made up 10% of fiscal 2018 revenues, up from 2% of revenues during fiscal 2017, according to the company’s 2018 earnings release.

Alibaba Group Holding Limited (NYSE: BABA) supermarket chain Freshippo-owned grocery brand Hema Xiansheng broke even last year in China as Covid lockdowns boosted online sales of fresh produce ...

Alibaba’s plan to roll out 2,000 of its high-tech Hema grocery stores looks overly aggressive but typical for the company. The push could prove costly if the concept fails to catch on.

Alibaba's own efficient cashier-less Hema stores were tested in China for two years and launched in several Chinese cities, months before Amazon's trial of one AI-empowered store in Seattle.

Hema Xiansheng (盒马鲜生), the Alibaba-owned online-to-offline supermarket chain, will roll out upgraded versions of its physical stores in the near future, according to a Sina report. Li Bing, general ...