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Alibaba to sell majority stake in Sun Art hypermarkets
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 and the Costco-like M-Club membership stores across China.
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 Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus
Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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 company incorporated in the Cayman Islands with limited liability.
5d
Alibaba: Nothing Is Over Yet
Alibaba reshuffles commerce business, faces market share losses in China, AI growth opportunity yet to boost cloud ...
1d
Alibaba ties up with Lee Kai-fu's unicorn as China's AI sector consolidates
Alibaba Group Holding's cloud computing business is collaborating with Chinese start-up 01.AI to develop artificial ...
3d
on MSN
Is Alibaba Group Holding (BABA) the Best Low Volatility Stock to Buy Right Now?
We recently published a list of 8 Best Low Volatility Stocks To Buy Right Now. In this article, we are going to take a look ...
1d
Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share
Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry ...
13d
Alibaba: Expanding Globally With Strength
Alibaba is a Strong Buy with 74% potential upside, stable revenue growth, and international expansion in e-commerce and cloud ...
3d
Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...
1d
Alibaba to sell Sun Art to buy out firm at a discount
Alibaba Group Holding Ltd has agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, ...
19h
China Market Update: Beijing And Guangzhou Home Sales Rise In 2024, Tariff Concerns Lead To Risk Off
Asian equities were mixed, as India outperformed, Mainland China and Hong Kong underperformed, and Japan closed for New ...
Hosted on MSN
1d
What to know before the US stock market opens for the first time in 2025
The first trading day of 2025 is here, and investors are expecting a chaotic start. After a volatile close to 2024, global ...
2d
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...
4d
Alibaba cuts AI visual model cost by 85% on last day of year as price war rages on
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding, has given users of its visual reasoning artificial ...
Hosted on MSN
1d
Chinese Tech Rivalry Grows as Alibaba Slashes AI Model Prices
Alibaba announced significant price reductions of up to 85% for its large language models (LLMs), signaling intensifying ...
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