Alibaba to sell stake in China's hypermarket chain Sun Art

Alibaba to sell stake in China's hypermarket chain Sun Art for $1.58B
Alibaba (BABA) said in a statement on Hong Kong Stock Exchange filing. Recently, Alibaba (BABA) also disposed of its stake in another department store chain, Intime, for $1 billion.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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Alibaba to Sell Stake in Chinese Hypermarket Operator
Alibaba Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of efforts to focus on its core e-commerce business.
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
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 per share,
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, unloading another high-profile physical commerce asset at a discount to focus on its core online business.
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.
Alibaba to sell stake in Sun Art Retail to DCP for $1.6B
Alibaba (BABA) has agreed to sell its stake in Sun Art Retail to private equity firm DCP for about $1.6B, after paying roughly $3.6B in 2020 to
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