Hosted on MSN1d
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 ...
Hosted on MSN5d
Alibaba Sells Sun Art Stake to DCP Capital for $1.6 Billion, Shifting Focus Back to Online Commerce
Alibaba Group Holding Ltd. has agreed to sell its over 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP ...
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China’s largest hypermarket operator, for ...
Digi Times6d
Alibaba to sell Sun Art to buyout firm DCP for US$1.6 billion
Alibaba Group agreed to sell its shares in Sun Art Retail Group to private equity firm DCP Capital, unloading another ...
Seeking Alpha3d
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. The sale is positive as Sun Art faces a competitive offline retail ...
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For $1.58 Bln
Alibaba Group Holding Ltd (BABA) agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital ...
The Manila Times on MSN6d
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 ...
Nasdaq7d
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For $1.58 Bln
(RTTNews) - Alibaba Group Holding Ltd (BABA) agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital for approximately $1.58 billion. This amount is ...
Reuters7d
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
China's Alibaba Group Holding Ltd (9988.HK), opens new tab said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP ...