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 : Bloomberg 2025-08-05 Bloomberg, Costco, Hema, Alibaba, China Related Coverage Alibaba unites online shopping, travel booking under new loyalty scheme South China Morning Post Yum China Posts Record Q2 Margins, Alibaba Veteran Joins Board Benzinga