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 Group is set to book an over $1 billion loss on the sale of its department-store chain Intime, which marks the ...

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

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

Chinese e-commerce giant Alibaba 9988-1.33%decrease; red down pointing triangle Group Holding and South Korean retailer E-mart plan to set up an online shopping joint venture. Alibaba and E-mart ...

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

Freshippo, Alibaba Group Holding's grocery chain known as Hema in its home market, was profitable for nine straight months in ...

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

China's challenging consumer environment has put pressure on all retailers and e-commerce platforms. "I think in the short term Alibaba just doesn't have the attention to actually do offline ...

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 Group Holding Ltd. agreed to sell ... physical commerce asset at a discount to focus on its core online business. China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 ...