Alibaba to sell stake in China's hypermarket chain Sun Art

Alibaba to Sell Stake in Chinese Hypermarket Operator
Alibaba Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of efforts to focus on its core e-commerce business.
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 HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its bricks-and-mortar presence.
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 ... "The proceeds from the disposal are currently intended to be used by our company for business developments, shareholder returns, and general ...
Struggling e-commerce giant Alibaba inks $1.7 bn deal to sell stake in Chinese hypermarket
Hangzhou-based Alibaba, a leading player in China’s vast e-commerce sector, has faced stiffer competition in recent years as its rivals surge and consumers look to cut costs
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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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.
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.
Sun Art Retail Shares Slide on Alibaba's Exit
Shares of Sun Art Retail Group fell sharply after Alibaba Group said it would unload the Chinese hypermarket operator, less than five years after its acquisition of a controlling stake. Sun Art stock fell as much as 35% early Thursday before paring its loss to 16.
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 ...
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D-Mart parent shares jump 15% post Q3 update but analysts remain divided
Avenue Supermarts Ltd., the parent company of the hypermarket chain DMart, reported strong sales numbers for the third ...
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Safari Hypermarket unveils 5-metre jute bag display at Safari Mall, Abu Hamour
Doha, Qatar: Safari Hypermarket has unveiled a stunning 5 ... Safari’s management emphasized that the initiative aligns with the company’s ongoing efforts to promote sustainability while ...