Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.

No different than sites like Temu and Shein, Alibaba, while affordable to consumers, has a shady side you should be wary of ...

Alibaba stock was lower Thursday after it announced a $1.7 billion deal to sell Sun Art, a hypermarket operator in China.

Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on ...

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for ...

China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 billion (US$1.6 billion or $2.15 billion) from selling its ...

Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...

Closer to home, Alibaba (BABA) intends to capitalize on China's growing middle class and increasing online shopping trends to ...

Chinese e-commerce giant Alibaba Group Holding and South Korean retailer E-mart plan to set up an online shopping joint venture. Alibaba and E-mart will combine the assets of their separate e ...

Alibaba shifts focus away from New Retail, selling Intime and facing challenges in the Chinese market. See here to know why ...

"Alibaba to divest retail store chain Intime for $1bn " was originally created and published by Retail Insight Network, a ...