Chinese e-commerce major Alibaba Group has agreed to divest its interest in the Sun Art Retail Group, a hypermarket operator, ...

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 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 ...

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 Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of ...

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.

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its ...

Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to HK$12.3 billion (S$2.16 billion) to focus on its core ...

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, ...

BEIJING, Jan 1 (Reuters) - 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 ...

This transaction allows the purchaser to acquire a significant stake, potentially leading to mandatory general offers for Sun Art’s remaining ... highlighting Alibaba’s strategic shift in ...