Alibaba Group Holdings is often called The Amazon of China. The company, which has grown into a global e-commerce, internet, and technology company, followed Amazon's example by expanding into ...

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 ...

Customers shop inside an RT-Mart hypermarket operated by Sun Art Retail Group. Alibaba Group Holding has agreed to sell its controlling stake in Chinese hypermarket operator Sun Art for up to HK$ ...

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 ...

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Alibaba has agreed to sell its entire stake in China’s largest hypermarket operator at a steep discount ...

(Yicai) Jan. 2 -- Alibaba Group Holding is offloading its entire stake in Sun Art Retail, the operator of hypermarket chain RT-Mart, to Chinese private equity firm DCP Capital for HKD13.1 billion ...

Huaian, China - January 02, 2025 A RT-Mart store in Huaiyin district, Huai 'an city, Jiangsu province, China, Jan 2, 2025. I've worked at Costco for two decades... here are 10 items you need to ...

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 ...

(Bloomberg) -- 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 ...

In October 2020, Alibaba took control of Sun Art from its French owner, the Mulliez family, for HK$28 billion amid the e-commerce giant's ambition to create a "new retail" model that leverages ...

Alibaba initially invested in Sun Art in 2017, after which it gradually increased its control of the supermarket chain. In October 2020, Alibaba took control of Sun Art from its French owner, the ...