Alibaba to sell stake in Sun Art Retail

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 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.
Alibaba to sell shares in Sun Art Retail to DCP Capital at huge discount to focus on core online business
Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to HK$12.3 billion (S$2.16 billion) to focus on its core online business.
Sun Art Retail Shares Slide on Alibaba's Exit
Alibaba said late Wednesday it would sell its entire stake in Sun Art to Chinese private-equity firm DCP Capital Partners for up to the equivalent of $1.58 billion. An Alibaba-affiliated company, New Retail, will also sell its 5.04% minority stake, leaving Alibaba with no remaining equity interest in Sun Art.
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, unloading another high-profile physical commerce asset at a discount to focus on its core online business.
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
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 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.
China's Alibaba to sell 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 ...
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Alibaba to sell China department store chain Intime for $1.3 bln loss
Dec 17 (Reuters) - Alibaba Group (9988.HK), opens new tab said on Tuesday it would sell its Chinese department store unit Intime ... from headphones to sweaters. China's challenging consumer ...
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, ...
Alibaba: The End Of New Retail As We Know It?
Alibaba shifts focus away from New Retail, selling Intime and facing challenges in the Chinese market. See here to know why ...
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Alibaba Divests Its Intime Store Chain
off its Chinese department store chain Intime and the transaction is set to cost the conglomerate $1.3 billion in losses. Chinese media reports say that Alibaba's decision to divest Intime is part ...
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Alibaba to sell China department store chain Intime for $1.3 billion loss
(Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book ... everything from headphones to sweaters. China's challenging consumer environment ...