Technology

Alibaba’s Freshippo opens first membership-only store in Shanghai, challenging Costco and Sam’s Club




Freshippo, the grocery retail chain of Chinese e-commerce giant Alibaba, will open its first membership store in Shanghai on Thursday, challenging the American membership-only warehouse chain store Costco and Walmart’s wholesale division Sam’s Club in the city.“We hope we can improve our capabilities quickly and effectively via directly competing with Costco and Sam’s Club,” said Hou Yi, president of Freshippo in a statement on Monday.Freshippo, known as “Hema” in Chinese, also launched its own…



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