Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy. Read why I'm bearish on BABA stock.

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

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’s recent earnings result failed to excite Wall Street, but it showed strong positive trends, which can deliver bullish sentiment in the next few quarters. The cloud business has reported ...

By Casey Hall, Roushni Nair and Rishav Chatterjee (Reuters) -Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the ...