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Costco Wholesale Corporation (NASDAQ:COST): Eyes Chinese E-commerce Marketplace

Boston, MA 10/15/2014 (wallstreetpr) – Costco Wholesale Corporation (NASDAQ:COST) plans to enter Chinese e-commerce market in a strategic move to hedge slowing sales in the U.S. markets. The company will utilize Alibaba Group Holding Ltd (NYSE:BABA)’s Tmall online marketplace to enter the booming Chinese marketplace. The company said that Tmall’s warehouse stores would enable it […]