Alibaba to sell majority stake in Sun Art hypermarkets

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, unloading another high-profile physical commerce asset to focus on its core online business.
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.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company’s interest in Sun Art at HK$1.75 per share,
China's Alibaba to sell 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 Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.
Alibaba to sell Sun Art to buy out firm at a discount
Alibaba Group Holding Ltd has agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus on its core online business.
Wall Street Breakfast Podcast: Alibaba Sells Sun Art At $2B Loss
Alibaba to sell stake in China's hypermarket chain Sun Art. Brand prescription drugs to rise an average 4.5% in 2025. Cybertruck blast driver identified; link to New Orleans attacker growing
Alibaba to sell Sun Art stake to Chinese PE firm DCP for $1.6bn
BEIJING (Reuters) -- China's Alibaba Group Holding said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion).
China E-Commerce Giant Alibaba Sells Stake In Retail Firm Sun Art To Focus On Core Business
Alibaba stock was lower Thursday after it announced a $1.7 billion deal to sell Sun Art, a hypermarket operator in China.
Alibaba To Sell Chinese Hypermarket Operator As It Focuses On Core Business
Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain and the Costco-like M-Club membership stores across China.
Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus
Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
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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) ...
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Alibaba Announces Sale of Sun Art Shares
Alibaba Group Holding Limited announced the disposal of its shares in Sun Art Retail Group, a move that involves selling approximately 73.66% of Sun Art shares held through its subsidiaries.
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Alibaba sale of Sun Art consistent with non-core downsizing, says Morgan Stanley
After Alibaba (BABA) announced that it would sell its full 78.7% equity interest in Sun Art to DCP Capital for gross proceeds of about $1.5B, Morgan Stanley says this sale is consistent with ...
Alibaba set on growth path after divesting bricks-and-mortar retailing assets: analysts
After disposing of Sun Art and Intime, an 'asset-light' Alibaba is expected to be in a better position to compete against ...