MingTiandi
The new year finds Alibaba Group continuing its retreat from brick-and-mortar retail, with the e-commerce giant on Wednesday announcing plans to sell its controlling stake in Chinese hypermarket operator Sun Art for HK$12.3 billion ($1.6 billion).
The buyer of the… Read More>>
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Alibaba Selling Hypermarket Operator Sun Art to DCP Capital for $1.6B
Christopher Caillavet
02:22
The new year finds Alibaba Group continuing its retreat from brick-and-mortar retail, with the e-commerce giant on Wednesday announcing plans to sell its controlling stake in Chinese hypermarket operator Sun Art for HK$12.3 billion ($1.6 billion). The buyer of the… Read More>> The post Alibaba Selling Hypermarket Operator Sun Art to DCP Capital for $1.6B appeared first
