Alibaba, Sun Art

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.
Alibaba sells $1.6B worth of shares in Sun Art
Alibaba, the Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology, announced selling its sha
Alibaba sells stake in Chinese hypermarket operator at steep discount
Alibaba has agreed to sell its entire stake in China’s largest hypermarket operator at a steep discount, as it sharpens its focus on core ecommerce operations amid intensifying competition.
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$1.75 per share,
Alibaba Sells Stake in Sun Art Retail: A Strategic Shift
Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on e-commerce and cloud services.
Alibaba Stock In Focus After Sun Art Retail Divestment: Retail’s Neutral
ADR shares of Alibaba Group Holding ($BABA) rose 0.78% Tuesday after the Chinese retail giant said it was selling its 78.7% stake in Chinese hypermarket operator Sun Art Retail for $1.7 billion. The move is part of the company’s strategy to reduce its physical retail footprint and focus on e-commerce business,
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 at a discount to focus on its core online business.
Alibaba Sells $1.58 Billion Stake In Sun Art Retail, Refocusing On Core E-Commerce Strategy
Chinese e-commerce giant Alibaba announced plans to sell its 78.7% stake in hypermarket chain Sun Art Retail Group.
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 Retail, will also sell its 5.04% minority stake, leaving Alibaba with no remaining equity interest in Sun Art.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
Chinese e-commerce major Alibaba Group has agreed to divest its interest in the Sun Art Retail Group, a hypermarket operator, to Paragon Shine for K$12.29bn ($1.58bn). The buyer is an exempt company incorporated in the Cayman Islands with limited liability.
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
Forbes3h
Alibaba To Sell Chinese Hypermarket Operator As It Focuses On Core Business
Thomas Chong, a Hong Kong-based analyst at investment bank Jefferies, says Alibaba’s disposal had already been expected by ...
Alibaba: The End Of New Retail As We Know It?
Alibaba shifts focus away from New Retail, selling Intime and facing challenges in the Chinese market. See here to know why ...
Business Times3h
Alibaba to sell Sun Art to buyout firm DCP for HK$12.3 billion
Just last month, Alibaba agreed to sell its Intime department store business to Youngor Fashion for around US$1 billion, ...