Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its bricks-and-mortar presence.
Freshippo, Alibaba Group Holding's grocery chain known as Hema in its home market, was profitable for nine straight months in ...
Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry ...
Alibaba and E-mart will combine the assets of their separate e-commerce platforms, AliExpress Korea and Gmarket, to form a 50 ...
Closer to home, Alibaba (BABA) intends to capitalize on China's growing middle class and increasing online shopping ...
No different than sites like Temu and Shein, Alibaba, while affordable to consumers, has a shady side you should be wary of ...
Shinsegae and Alibaba form joint venture to boost e-commerce competitiveness Retail titans join forces to enhance online ...
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