Hema Xiansheng, the grocery brand under Alibaba Group Holding’s supermarket chain Freshippo, broke even last year in China when its sales of fresh produce including vegetables, seafood and meat via ...
Chinese e-commerce giant Alibaba (NYSE:BABA) intends to gradually close the last of its Costco-like members-only stores, underscoring its retreat from a highly competitive Chinese retail space, ...
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