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Source: Alibaba's supermarket chain Hema plans to gradually wind down the last of its Costco-like members-only stores in China in a bid to improve profitability
bloomberg.com/news/articles/2025-08-05/alibaba-to-shut-costco-like-china-stores-after-rivalry-heats-up
This story appeared on bloomberg.com, 2025-08-05 12:16:42.156000.