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Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus
Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
Alibaba revamps gift-giving feature on Taobao marketplace to fend off Tencent competition
The Taobao marketplace run by Chinese e-commerce giant Alibaba Group Holding on Wednesday revamped its gift-giving feature to ...
E-commerce giants jump on China’s latest trade-in programme amid heated competition
Alibaba and JD.com are among the earliest to join the country’s renewed subsidy programme for home-appliance shoppers.
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, ...
Leadership7d
Alibaba Sells Stake in Sun Art Retail: A Strategic Shift
Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on ...
1 Growth Stock Down 70% to Buy Right Now
For the full year, analysts expect Alibaba's revenue and adjusted earnings to grow 6% and 2%, respectively. For fiscal 2026, ...
Alibaba’s Been Cramming in the Deals Over the Holiday Season
While many consumers load up on goods in the holidays, Alibaba Group Holding Ltd. has been busy selling assets, even if it ...
Seeking Alpha7d
Alibaba to sell stake in China's hypermarket chain Sun Art for $1.58B
Alibaba Group (NYSE:BABA) will sell its majority stake in hypermarket chain Sun Art Retail Group (OTCPK:SURRY) (OTCPK:SURRF) to private equity firm DCP Capital for approximately $1.58 billion ...
Reuters8d
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
BEIJING, Jan 1 (Reuters) - China's Alibaba Group Holding Ltd (9988.HK), opens new tab said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to ...