2022.01 Global Times: Domestic membership stores may replace foreign rivals amid Sam’s Club backlash
The Global Times learned on Monday that customers with either Sam's Club membership cards or Costco membership cards in Suzhou, East China's Jiangsu Province, were able to tour the freshly opened local Freshhema X membership store on January 1. Domestic membership stores run by e-commerce giants like 阿里巴巴 have established a solid base in the market, ramping up investment to shore up their customer bases and compete with foreign rival brands, analysts of the iiMedia Research Institute, told the Global Times on Monday.