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. The sale is positive as Sun Art faces a competitive offline retail ...
Alibaba stock was lower Thursday after it announced a $1.7 billion deal to sell Sun Art, a hypermarket operator in China. 25-Year-Old Earning $10,467 in Dividends With $291K Investment Shares His ...
The nearly 130,000 increase in staff primarily came from consolidating the operations of Sun Art Retail Group, China’s largest hypermarket operator, which Alibaba took control of in a US$3.6 ...