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Chinese e-commerce giant Alibaba Group has swiftly sold two businesses in a bid to keep up with rising competition. File image Alibaba Group has agreed to sell its majority stake in China’s largest ...

Fangda Partners and Slaughter and May are advising Alibaba Group on the $1.6 billion sale of Chinese hypermart Sun Art Retail Group to Beijing private equity firm DCP Capital. The buyer is ...

Doha, Qatar: LOT - The Value Shop has officially opened its doors at LuLu Hypermarket, Barwa Madinatna, offering an exceptional New Year’s gift to Qatar residents: a vast selection of quality ...

The EV and battery giant is the most prominent of Chinese automotive firms expanding abroad - plans that are increasingly threatened by thorny trade disputes between Beijing and the West.

The e-commerce giant had bought a controlling stake in the hypermarket store operator in 2020 for $3.6 billion. In a filing to the Hong Kong exchange Wednesday, Sun Art said that the acquirer ...

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.

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 ...

the operator of hypermarket chain RT-Mart, to Chinese private equity firm DCP Capital for HKD13.1 billion (USD1.6 billion), around a quarter of the price that it paid for it, as the Chinese 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 ...