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 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 ...

Alibaba Group Holding Limited (NYSE:BABA) is one of the top most profitable NYSE stocks to buy now. Bloomberg reported on ...

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

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.