Market Chatter: Alibaba to Discontinue Hema X Outlets

MT Newswires Live

2025/08/06

Alibaba Group (HKG:9988, HKG:89988) is shuttering the last of its Hema X outlets in China, Bloomberg News reported Tuesday.

The stores were modeled after America's Costco chain that charges members an annual fee to shop at their location.

While the Hema X outlets are going away, Alibaba plans to maintain its Hema supermarket chain, a person familiar with the matter reportedly told Bloomberg.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0348827113.USD","symbol_name":"ALLIANZ RCM CHINA \"AT\" ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2557349337","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557349337","pubTimestamp":1754445924,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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