The club has no membership.
这个俱乐部没有会员。
Eric had obtained the membership of the Mechanic Club.
埃里克已经取得技工俱乐部的成员资格。
I recently joined the local gym to improve my fitness.
我最近加入了当地的健身房来提高我的健康状况。
She is an active member of the book club, always recommending new reads.
她是读书俱乐部的积极成员，总是推荐新书。
He holds a lifetime membership in the wildlife conservation organization.
他持有野生动物保护组织的终身会员资格。
My family has been members of this church for generations.
我家几代人都属于这个教会。
She enrolled her child in the school's swimming program, becoming a member of the PTA.
她让她的孩子加入了学校的游泳项目，成为了PTA的一员。
The exclusive club only admits new members through a rigorous application process.
这家精英俱乐部只通过严格的申请程序接纳新成员。
As a founding member, she gets to vote on the club's rules and policies.
作为创始会员，她有权投票决定俱乐部的规则和政策。
Many people opt for annual membership at the beach resort for its various amenities.
许多人选择在海滩度假村年费会员，以享受各种设施。
The online gaming community welcomed her with open arms as a new member.
网络游戏社区热烈欢迎她成为新成员。
After three months, he decided to renew his membership in the photography club.
三个月后，他决定续订摄影俱乐部的会员资格。
"We will open a membership store in Nanjing this year and venture into the gas station business there, expanding our commercial footprint to more regions in China.
“我们今年将在南京开设一家会员店，并在那里涉足加油站业务，将我们的商业足迹扩大到中国更多地区。
Hilton Honors, the loyalty program, has increased by over 56 percent year-on-year in membership in China, the company said.
该公司表示，希尔顿荣誉酒店是一个忠诚度项目，在中国的会员数量同比增长了56%以上。
It is noteworthy that the post-95 generation of consumers account for about 60 percent of total users, and have shown vibrant purchasing power for secondhand products purchased online, including through shopping vouchers and video-streaming website memberships, Ding said.
丁说，值得注意的是，95后消费者约占总用户的60%，他们对网上购买的二手产品表现出了旺盛的购买力，包括通过购物券和视频流网站会员资格购买的二手商品。
The company has released an enhanced Loyalty Program, with customers able to sign up for a free silver membership, earn rewards and enjoy discounts on hotel bookings.
该公司发布了一项增强的忠诚度计划，客户可以注册免费的白银会员资格，获得奖励并在酒店预订时享受折扣。
The company has reported second-quarter results with a total revenue growing 17 percent year-on-year to 7.8 billion yuan ($1 billion), among which membership services revenue increased 15 percent year-on-year to 4.9 billion yuan.
该公司公布了第二季度业绩，总收入同比增长17%，达到78亿元人民币（10亿美元），其中会员服务收入同比增长15%，达到49亿元人民币。
By segment, he estimated membership revenue to grow 2 percent quarter-on-quarter to 5 billion yuan, mainly driven by average revenue per membership.
他估计，按细分市场划分，会员收入将季度环比增长2%，达到50亿元人民币，主要受会员平均收入的推动。
Further divided into three tiers, the minimum membership fee is set at 150,000 yuan ($20,908) annually.
进一步分为三层，最低会员费定为每年15万元人民币（20908美元）。
People can apply for memberships on a WeChat program which is scheduled to go online on Tuesday, Ward said.
Ward说，人们可以在定于周二上线的微信程序上申请会员资格。
Classes on wine and art collections will also be provided via the membership.
会员还将提供葡萄酒和艺术品收藏课程。
According to a report released by global luxury consulting firm Agility Research & Strategy in late November, about 35 percent of Chinese millionaires expect to increase their spending on exclusive memberships over the next six months, overtaking all the other surveyed consumption sectors, such as entertainment, fashionable clothing and skincare.
根据全球奢侈品咨询公司安捷伦研究与战略（Agility Research&Strategy）11月底发布的一份报告，约35%的中国百万富翁预计在未来六个月内增加他们在专属会员方面的支出，超过娱乐、时尚服装和护肤等所有其他受访消费领域。
Gong recently shared at the 2023 iQiyi World Conference in Beijing that the focus of the company's future development efforts will be content, the above fundamental building blocks, as well as monetization capabilities such as membership services and advertising services.
龚最近在北京举行的2023爱奇艺世界大会上表示，公司未来发展的重点将是内容、上述基本要素，以及会员服务和广告服务等货币化能力。
Cosmo Lady, one of China's largest intimate wear enterprises based in Dongguan, Guangdong province, witnessed a significant increase in its gross profit margin in 2022 as well as its memberships, according to the company's annual financial report.
根据该公司的年度财务报告，总部位于广东省东莞市的中国最大的贴身服装企业之一Cosmo Lady在2022年的毛利率和会员资格都大幅提高。
Sales growth stands out in fast-moving consumer goods, hypermkt, e-commerceWalmart China's strong fourth-quarter growth, propelled by its high-end membership store Sam's Club and e-commerce services, serves as a sign of steady recovery of the fast-moving consumer goods and retail sectors this year, said industry insiders.
业内人士表示，快速消费品、hypermkt和电子商务的销售额增长尤为突出。沃尔玛中国第四季度的强劲增长，得益于其高端会员店山姆会员店和电子商务服务，标志着今年快速消费品和零售业的稳步复苏。
In the past year, Sam's Club has opened six stores in China, a leader in the competitive membership format category, where the entrance of Metro, an arm of Wumart Group, and Hema X, the retail unit of Alibaba Group, further escalated the rivalry, according to Kantar.
Kantar表示，过去一年，山姆会员店在中国开设了六家门店，是竞争性会员制领域的领导者。物美集团旗下的麦德龙和阿里巴巴集团零售部门盒马X的加入进一步加剧了竞争。
Chinese tech heavyweight Alibaba's financial arm Antxa0Group announced on Tuesday that it has entered a comprehensive strategic partnership with NBA China that would see the two parties cooperate in areas like video content, program broadcasting and membership.
中国科技巨头阿里巴巴旗下的金融子公司Antxa0Group周二宣布，已与NBA中国建立全面战略合作伙伴关系，双方将在视频内容、节目广播和会员等领域进行合作。
com Co Ltd. "We will also leverage Ant Group's technology and platform capabilities and work closely with the NBA to explore creative digitalization models in service sector, joint operations of membership and innovative interactions," Ni said.
com Co有限公司“我们还将利用蚂蚁集团的技术和平台能力，并与NBA密切合作，探索服务业、会员联合运营和创新互动方面的创新数字化模式，”倪说。
In the past two years, revenues of hypermarkets in the country have declined quickly due to a drop in traffic to the stores, amid fierce competition with convenience stores and small-sized supermarkets, as well as high-end membership stores, not to mention the impacts from e-commerce players during the COVID-19 pandemic, according to an industry report from Kantar.
根据Kantar的一份行业报告，在过去两年里，由于与便利店、小型超市以及高端会员店的激烈竞争，中国大型超市的收入迅速下降，更不用说新冠肺炎疫情期间电子商务参与者的影响了。
"This has a lot to do with their singular format (the hypermarket) despite their exploration into high-end membership stores and reforms on supply chains," said Yu.
余说：“这与他们独特的形式（大卖场）有很大关系，尽管他们探索了高端会员店和供应链改革。”。
Sam's Club, Walmart Inc's high-end membership retail unit, which has heavily focused on food in the Chinese market, is now extending its range of consumer products wider to attract more mid-income family consumers.
沃尔玛（Walmart Inc）旗下的高端会员制零售部门山姆会员店（Sam's Club）一直专注于中国市场的食品，目前正在扩大其消费产品范围，以吸引更多中等收入家庭消费者。
Wu Xinhong, founder and CEO of Meitu, said the membership paid subscription service based on its core technological capacities in computer vision and image processing has surpassed the online advertising business for the first time and become Meitu's largest revenue contributor.
美图创始人兼首席执行官吴欣鸿表示，基于其计算机视觉和图像处理核心技术能力的会员付费订阅服务首次超过了在线广告业务，成为美图最大的收入贡献者。
As of September, KFC and Pizza Hut had a combined membership program of more than 400 million customers, with digital orders accounting for about 91 percent of the two brands' revenue.
截至9月，肯德基和必胜客的会员计划共有4亿多客户，数字订单约占这两个品牌收入的91%。
Launched in July, Smartwater has been available exclusively at Sam's Club — the premium membership store under Walmart.
Smartwater于7月推出，在沃尔玛旗下的高级会员店山姆会员店独家发售。
"Starbucks still has competence in its all-round store portfolios, distribution channels and coffee memberships to help generate more revenue," Yu said.
余说：“星巴克在其全方位的门店组合、分销渠道和咖啡会员资格方面仍有能力帮助创造更多收入。”。
The consumers' complaints were mainly focused on not being able to use their account balance to buy products, large balance and membership fees weren't being refunded, orders were canceled without reason, and the customer service staff couldn't be reached.
消费者的投诉主要集中在无法使用账户余额购买产品、大额余额和会员费无法退还、订单被无故取消以及无法联系到客服人员。
Consumers complained Missfresh mainly for not able to use account balance to buy products, large balance and membership fees weren't being refunded, orders were canceled without a reason, and customer service staff couldn't be reached.
消费者抱怨Missfresh主要是因为无法使用账户余额购买产品，大额余额和会员费无法退还，订单被无故取消，客服人员无法联系到。
In October 2016, Amazon launched Amazon Prime in China, the first global membership program with unlimited free cross-border shipping.
2016年10月，亚马逊在中国推出了亚马逊Prime，这是第一个提供无限免费跨境运输的全球会员计划。
Tencent will continue to provide primary and secondary access points for JD on its social messaging platform WeChat to generate data traffic, and the two parties intend to cooperate in a number of areas, including telecommunication, technology services, marketing and advertising, and membership services, said the announcement.
公告称，腾讯将继续在其社交消息平台微信上为京东提供一级和二级接入点，以产生数据流量，双方打算在电信、技术服务、营销和广告以及会员服务等多个领域进行合作。
Membership stores that have targeted affluent urban consumers have kept their expansion plans this year as demand is on the surge for affordable and quality merchandise.
针对富裕城市消费者的会员店今年保持了扩张计划，因为对平价优质商品的需求激增。
To keep consumers coming back to the stores, about 20 to 30 percent of the merchandise in Metro's membership stores will be replaced with new products every three months, said the company.
该公司表示，为了留住消费者，Metro会员店约20%至30%的商品将每三个月更换一次新产品。
The retailer is opening more stores in the country in addition to upgrading its existing outlets to membership format.
这家零售商除了将现有门店升级为会员制外，还将在该国开设更多门店。
Metro China is expected to open its fifth membership store in Beijing and other new outlets in Shanghai and Wuhan, Hubei province, by the end of this year.
麦德龙中国预计将于今年年底在北京开设第五家会员店，并在上海和湖北省武汉市开设其他新门店。
The country's top membership store Sam's Club, owned by Walmart Inc, is expected to open its fourth store in Daxing district of Beijing and Hema Fresh has planned to have its second membership store in the city.
沃尔玛旗下的全国顶级会员店山姆会员店预计将在北京大兴区开设第四家门店，盒马鲜生计划在北京开设第二家会员店。
In its first-quarter fiscal report, released on May 17, Sam's Club's global sales increased 10.2 percent, with membership income increasing by 10.5 percent.
在5月17日发布的第一季度财务报告中，山姆会员店的全球销售额增长了10.2%，会员收入增长了10.5%。
"Membership stores will continue their strong momentum this year, amid more fierce competition, resulting from the rising number of players who have joined in the sector," said Jason Yu, general manager of Kantar Worldpanel in China.
Kantar Worldpanel中国区总经理Jason Yu表示：“会员店今年将继续保持强劲势头，因为加入该行业的玩家数量不断增加，竞争更加激烈。”。
Stock-up shopping often spurs businesses for membership stores, Yu said.
余说，囤货购物往往会刺激会员店的发展。
Shell will also offer BYD's private and commercial customers membership access to 275,000 charging points through Shell roaming network.
壳牌还将通过壳牌漫游网络为比亚迪的私人和商业客户提供27.5万个充电点的会员资格。
Digitalization is a priority for Anta Group as the company said it will further invest in the area, focusing on upgrading membership system, member services and the operation of different platforms to improve online and offline retail performance and achieve diversification in sales platforms.
数字化是安踏集团的优先事项，该公司表示将进一步投资该领域，重点升级会员体系、会员服务和不同平台的运营，以提高线上和线下零售业绩，实现销售平台的多元化。
The Nike Rise retail store has been co-launched by the brand and its distributor and retail partner in China, Topsports, with the link-up serving as a Nike membership club.
Nike Rise零售店由该品牌及其在中国的分销商和零售合作伙伴Topsports共同推出，该连锁店作为Nike会员俱乐部。
By using the Nike app, customers who have signed up for Nike's membership can check out information on exclusive products and offline activities held in the store, such as yoga classes, salons for sports enthusiasts, and handicraft workshops.
通过使用Nike应用程序，注册了Nike会员资格的客户可以查看专卖产品和店内举办的线下活动的信息，如瑜伽课、运动爱好者沙龙和手工艺品工作室。
Some Chinese news outlets, however, reported that many consumers said they had canceled their membership of Sam's Club, Walmart's membership store format, over the issue.
然而，一些中国新闻媒体报道称，许多消费者表示，他们已经因为这个问题取消了沃尔玛会员店形式山姆会员店的会员资格。
For its part, Walmart neither confirmed nor verified the scale of Sam's Club membership cancellations.
沃尔玛方面既没有证实也没有核实山姆会员店会员取消的规模。
Metro Plus, the membership unit of Metro Commerce Group, an arm of Beijing-based Wumart Group, has also set up a zone in many of its stores for Xinjiang merchandise.
总部位于北京的物美集团旗下的麦德龙商务集团的会员单位麦德龙Plus也在其许多门店设立了新疆商品专区。
Metro Plus, which also operates 20 membership stores in the country, targets both traders and affluent consumers.
Metro Plus在全国还经营着20家会员店，目标人群包括贸易商和富裕消费者。
Freshippo, the grocery retail chain of Chinese e-commerce giant Alibaba Group Holding Ltd, is adding three new membership stores next month, taking the total number of such stores to seven since debuting its membership-only warehouse chain in October 2020.
中国电子商务巨头阿里巴巴集团控股有限公司旗下的杂货零售连锁店Freshippo将于下月新增三家会员店，使其自2020年10月首次推出会员制仓储连锁店以来，会员店总数达到七家。
But Zhao said Freshippo's competitive edge lies in its position of being "the membership store for Chinese".
但赵表示，Freshippo的竞争优势在于其作为“中国会员店”的地位。
"Retailers need to build holistic value propositions for high-value shoppers via membership programs.
“零售商需要通过会员计划为高价值购物者建立全面的价值主张。
Metro China, the membership store owned by Beijing-based Wumart Group, has plans to open more membership stores for a total of 101 by the end of this year.
总部位于北京的物美集团旗下的会员店麦德龙中国计划在今年年底前开设更多会员店，总数为101家。
Chinese online video streaming service provider iQiyi reported a 6 percent year-on-year increase in revenue in the third quarter, strongly fueled by the steady growth in its membership services.
中国在线视频流媒体服务提供商爱奇艺公布第三季度收入同比增长6%，这得益于其会员服务的稳步增长。
The company, popularly considered China's equivalent to Netflix, saw its membership services revenue in the third quarter rise 8 percent year-over-year to 4.3 billion yuan, while its total subscribing members reached 103.6 million as of the end of September.
该公司被普遍认为相当于中国的网飞，其会员服务收入在第三季度同比增长8%，达到43亿元，而截至9月底，其订阅会员总数达到1.036亿。
Membership services remained the biggest revenue contributor in the third quarter, the earnings report said.
盈利报告称，会员服务仍是第三季度最大的收入来源。
The company attributed this to its refined membership strategy and innovative operational initiatives that focused on elevating the user experience.
该公司将此归功于其完善的会员战略和专注于提升用户体验的创新运营举措。
AmCham China is a nonprofit, nongovernmental organization whose membership comprises 4,000 individuals from 900 companies, including Coca-Cola, Pfizer, Qualcomm, Honeywell, Walmart and Dell Technologies, operating across China.
中国美国商会是一个非营利的非政府组织，其成员包括来自900家公司的4000人，这些公司包括可口可乐、辉瑞、高通、霍尼韦尔、沃尔玛和戴尔技术公司，在中国各地开展业务。
Its affiliated company Dada Now recently started providing unmanned delivery services for Sam's Club, a membership warehouse club owned by Walmart.
其关联公司达达现在开始为沃尔玛旗下的会员制仓储俱乐部山姆会员店提供无人配送服务。
Sam's Club said its high-end membership retail brand's e-commerce business is witnessing rapid growth, and cooperation with Dada Now is expected to improve delivery efficiency.
山姆会员商店表示，其高端会员制零售品牌的电商业务正在快速增长，与达达现在（Dada Now）的合作有望提高配送效率。
The move is to encourage consumers to join the world's leading food chain's membership and create more enjoyable and special benefits, the company said.
该公司表示，此举旨在鼓励消费者加入全球领先的食品连锁店的会员行列，并创造更多愉悦和特别的福利。
The primary means of audio monetization in China include membership subscription, paid on-demand content, advertising, livestreaming and education, according to Huo Zhongyan, a partner at Whales Capital.
据鲸鱼资本合伙人霍中艳介绍，中国音频盈利的主要方式包括会员订阅、付费点播内容、广告、直播和教育。
At present, the majority of AIG's revenue comes from a virtual gift-enabled business model, which allows users to send virtual gifts through livestreaming and video calls, and to buy decorations through in-app games, as well as paid memberships, Tian explained, adding the revenue posted a more than 100 percent increase each year.
目前,AIG的主要营收来自以虚拟礼物打赏为主的商业模式,用户可通过直播、视频通话给对方送虚拟礼物,或在应用内游戏购买装饰品,以及会员付费等,天解释说,并补充道,该收入每年增长超过100%。
Tencent's corrective action will promote competition among digital music platforms, and encourage them to innovate, improve services and lower membership fees, finally bringing benefits to consumers, said Yu Zuo, director of the Center for Industrial and Business Organization, which is part of the Dongbei University of Finance and Economics.
东北财经大学产业组织与企业组织研究中心主任于左表示，腾讯的整改举措将促进数字音乐平台间的竞争，鼓励它们创新、提升服务和降低会员费，最终使消费者受益。
Value-added services also fueled growth, led by increases in the number of paying users for services like premium membership program, live broadcasting and others.
增值服务也推动了增长，主要表现为高级会员计划、直播服务等付费用户数量的增加。这句话的意思是，通过提供诸如高级会员计划和直播服务等增值服务，吸引了更多愿意付费的用户，这些付费用户的增加进而促进了公司业务的增长。在互联网行业，增值服务通常指的是除了基础服务之外，为用户提供额外功能或特权的服务，这些服务往往需要用户支付额外费用才能享受。例如，视频网站的无广告观看、高清画质、提前观看新内容等，音乐平台的无损音质、下载权限等，都是常见的增值服务。通过提供这些服务，企业可以提高用户粘性，增加收入来源，实现业务的持续增长。
The China unit of global retailer Walmart will open more Sam's Club high-end membership stores in urban hot spots of first- and second-tier cities, company executives said.
沃尔玛旗下的山姆会员商店将加快在中国一、二线核心城市新开店的速度。这是该全球零售业巨头的高管日前透露的信息。
The new stores will also help Walmart to get closer to consumers in China as well as take on rivals that have been piling pressure of late through fierce expansion of their warehouse membership stores.
这些新门店还将帮助沃尔玛在中国市场进一步贴近消费者,并应对近来通过猛烈扩张其仓储会员店而不断施加压力的竞争对手。
Hema Fresh, the retail unit of Alibaba Group, opened its first X membership in Beijing and it plans to reach 10 new membership stores this year.
阿里巴巴旗下的新零售业态盒马鲜生在北京开设了第一家X会员店，并计划今年内新开10家会员店。
"Jason Yu, managing director of Kantar Worldpanel China, said: "There had been no successful examples of transforming big membership clubs into mini-stores before.
Kantar Worldpanel 中国区总经理虞坚表示：“此前并没有大型会员店转型小型门店的成功案例。
Sam's Club, the high-end membership store of world retail giant Walmart Inc, will open its second store in Guangzhou, capital of Guangdong province, on Tuesday.
全球零售业巨头沃尔玛旗下的高端会员商店山姆会员商店2日将在广州——广东省省会，开设其在广州的第二家门店。
"We will develop more differentiated products, unique shopping experiences and better membership benefits for local customers, based on our capabilities of domestic and global sourcing," said Andrew Miles, president of Sam's Club China.
山姆会员商店中国业务总裁文安德表示：“我们将依托全球和本地采购能力，为中国会员开发更多差异化商品、独特购物体验及更好的会员权益。”
Revenues from mobile games totaled 1.17 billion yuan, up 2 percent year-on-year and revenues from value-added services, including the premium membership program and live broadcasting services, hit 1.5 billion yuan, an increase of 89 percent, the company said.
该公司表示，移动游戏收入为11.7亿元人民币，同比增长2%；包括高级会员计划和直播服务在内的增值服务收入达到15亿元人民币，增长89%。
We integrate those sections with e-commerce like offering consulting (via online or telephone) with our veterinarians at cheaper prices, or sales memberships that allow consumers to consult online veterinarians an unlimited number of times.
我们将这些部分与电子商务相结合，比如提供在线或电话咨询服务，由我们的兽医以更优惠的价格提供，或者销售会员服务，让消费者可以无限次数地在线咨询兽医。
Total net revenues, generated from running mobile games, membership fees and advertising, reached 2.6 billion yuan ($370.5 million), whereas average daily active users, a key indicator of user loyalty, reached 50.5 million, up 52 percent from same period last year.
The Bentonville, Arkansas-based company said its Sam's Club membership stores saw double-digit comparable sales growth in China.
In addition to investing in new AI businesses, Baidu is also diversifying its revenue streams through membership, online games and others, Herman Yu, chief financial officer of Baidu, said, adding they plan to continue heavy investments in technology to maximize Baidu's future growth potential.
Other sources include membership, advertising, health-related and family planning services.
Membership services continued to serve as the major driver to iQiyi's revenue growth in the first quarter.
For the second quarter, iQiyi's membership revenue grew 35 percent year-over-year to 4.6 billion yuan, accounting for over 60 percent of its total revenue.
"We started off the year with solid financial and operational performance spearheaded by our membership business," said Wang Xiaodong, chief financial officer of iQiyi.
"We continued to optimize our membership system and offer premium services in addition to achieving a strong net addition of subscribers during the first quarter.
Those who purchase the 5-yuan monthly membership or 12-yuan seasonal membership will be able to leave their packages in lockers for up to seven days without incurring a charge.
In its IPO registration statement, WeWork said: "We pioneered a 'space-as-service' membership model that offers the benefits of a collaborative culture, the flexibility to scale workspace up and down as needed and the power of a world-wide community, all for a lower cost.
Sam's Club, the high-end membership store of world retailing giant Walmart, is expected to open its flagship store inxa0Shanghai, the third in the city, a proactive move in the face of the fierce competition accelerated by the opening of Costco Wholesale store last year.
"The intent is to showcase the lifestyle that Sam's Club wants to bring to our members and their families, the parents, kids and grandparents, a destination full of surprises and combined in membership environment," he added.
Previously focusing on South China market, Sam's Club's recent decision to penetrate Shanghai is based on the city' consumption capacity, scale of middle class and their willingness to pay for memberships in exchange for quality products and good experiences, said Jason Yu, general manager of Kantar Worldpanel China.
It also grants membership identity and more rights for hosts who have reduced or waived guest rental fees during the epidemic period.
Migu Co Ltd, a subsidiary of China Mobile that provides digital content products and services, on Wednesday upgraded its cooperation with Wanda Film Holding Co Ltd, in a bid to enrich membership rights and launch related derivatives.
They have not only jointly developed 4K, 8K, virtual reality, augmented reality and other ultrahigh-definition video content, but also extended their reach into the development of derivatives and joint membership.
What has made the development challenging is how to integrate Ikea's unique operational platform, such as the product management system, assortment and delivery system, retail system and inventory, as well as its membership system.
Jason Yu, general manager of Kantar Worldpanel China, said Ikea China's own app will break away from the WeChat ecosystem and better manage its memberships.
However, common pain points lie in its weak brand power, lack of membership system and the consequent deficiency in service standardization, the report said.
Other incentives include a performance-based commission rebate system, as well as a membership card system that can give guests an 8 percent discount and conduct personalized marketing based on customer profiles.
The platform began to run the paid knowledge business in 2013 and has already obtained membership fees, she explained.
她解释说，该平台自2013年起就开始运营付费知识业务，并且已经获得了会员费收入。
"It is a membership club in their hands, allowing members to access authentic Nike products, personalized content, including sport coaching, top tips, unique and exclusive story-telling, all tailored to the specific interests of each and every individual member," he said.
It will empower catering merchants to upgrade their digital solutions and help these vendors to improve online offerings, such as online membership management, smart ordering and discount bookings during off-peak hours.
The merged company will leverage Alibaba's capabilities in new retail, membership systems, marketing, logistics, finance and other areas that center on urban living.
In its IPO registration statement filed with the US Securities and Exchange Commission, WeWork said: "We pioneered a 'space-as-service' membership model that offers the benefits of a collaborative culture, the flexibility to scale work space up and down as needed and the power of a world-wide community, all for a lower cost.
In its IPO registration statement, WeWork said: “We pioneered a ‘space-as-service' membership model that offers the benefits of a collaborative culture, the flexibility to scale workspace up and down as needed and the power of a world-wide community, all for a lower cost.
In 2010, in Lower Manhattan, WeWork opened its first "member community", as the company calls those who have signed "membership agreements", or contracts.
In its IPO registration statement, the company said: "We pioneered a 'space-as-a-service' membership model that offers the benefits of a collaborative culture, the flexibility to scale workspace up and down as needed and the power of a worldwide community, all for a lower cost.
The company warned, "If we are unable to replace members who may terminate their membership agreements with us, our cash flows and ability to make payments under our lease agreements with our landlords may be adversely affected.
"Out of curiosity, I walked into Sam's Club for the first time in 2011 because I was eager to know why the brand was so confident as to charge a membership fee even before customers purchase anything," she said.
"We will follow insights into our customers' lifestyle to forecast their demand so as to maintain our leading role in the membership retailing sector in China," noted the president.
Walmart Inc's high-end membership store Sam's Club is expected to strengthen its premium membership for Chinese customers, boost one-hour home delivery and plans to have 40-45 outlets opened or under construction by 2022, a top executive of the company said.
In addition to its current 260 yuan ($38) membership fee, Sam's Club has introduced a 680 yuan membership that offers high-end family services such as dental care at private clinics and car washing coupons.