Alibaba had been quietly closing Hema X locations over the year, backpedaling an ambitious expansion that launched around ...

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

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