Hosted on MSN11d
Alibaba sells majority stake in Sun Art for $1.58b
The stake was intended to integrate Alibaba’s digital capabilities with Sun Art’s hypermarkets. Alibaba Group has announced ...
Alibaba to sell stake in China's hypermarket chain Sun Art for $1.58B
Alibaba Group (NYSE:BABA) will sell its majority stake in hypermarket chain Sun Art Retail Group (OTCPK:SURRY) (OTCPK:SURRF) ...
Sun Art Retail Appoints Independent Financial Adviser Amid Potential Acquisition Offers
Discover outperforming stocks and invest smarter with Top Smart Score StocksFilter, analyze, and streamline your ...
Sun Art Retail Shares Slide on Alibaba's Exit
Alibaba said late Wednesday it would sell its entire stake in Sun Art to Chinese private-equity firm DCP Capital Partners for up to the equivalent of $1.58 billion. An Alibaba-affiliated company, New ...
Alibaba: Shedding Sun Art To Illuminate E-Commerce
Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy. Read why I'm bearish on BABA stock.
The Manila Times on MSN16d
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art ...
Alibaba sells Sun Art stake to double down on digital future
Alibaba has divested its entire stake in hypermarket operator Sun Art for $1.58 billion to Chinese private-equity company DCP ...