The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Alibaba Group Holding Ltd. (BABA), ...
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 ...
The transaction involves the sale of a 78.7% stake currently held by Alibaba's subsidiaries A-RT Retail, Taobao China and New Retail, as detailed in a disclosure to the Hong Kong Stock Exchange.
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 Holding surprised investors a few years ago when the e-commerce giant’s employee headcount surged to 252,084 at the end of December 2020, more than double its 122,399 total in the ...
Alibaba also took control of Sun Art from its French owner, the Mulliez family as the company was planning to create a new retail model that promotes both online and offline shopping platforms.