Alibaba (NYSE:BABA) is getting ready to close its last Hema X outlets by Aug 31, marking a pullback from the members-only model it launched in 2020. Bloomberg News says three stores in Beijing and ...

Alibaba Group Holding is set to phase out its remaining Costco-style Hema X store, signaling a pullback from China’s ...

Alibaba Group's grocery retail arm Hema, also known as Freshippo, has officially exited the membership store business, ...