Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
6 days ago · That’s significantly less than the $3.6 billion Alibaba paid just to double its stake in Sun Art in 2020, and falls far short of Sun Art’s 2024 market value of about $3 billion.
RT-Mart turns new page as Alibaba takes a hit with Sun Art exit
1 day ago · Sun Art’s assets primarily include fixed properties and intangible resources such as brand value and supply chain networks. As of September 30, 2024, Sun Art operated 466 hypermarkets, 30 medium-sized supermarkets, and six membership stores, encompassing approximately 14 million square meters of retail space. Of this total, 34% of the space ...
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to ...
6 days ago · Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China’s largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its ...
Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift
4 days ago · Alibaba, which had bought the controlling stake in Sun Art for $3.6 billion just two years ago, is estimated to have lost about $1.8 billion from the transaction.
China's Alibaba Sells Hypermarket Chain Operator Sun Art at …
5 days ago · Sun Art operates three major supermarket chains, namely RT-Mart, RT-Mart Super and the M-Club members-only stores. It ran 502 stores, including 466 hypermarkets, 30 medium-sized supermarkets and six M-Club stores, across the country as of the end of September. However, the supermarket chain has been struggling to break even in recent years.
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
6 days ago · 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 ...
Alibaba Announces Sale of Sun Art Shares - Yahoo Finance
5 days ago · Alibaba Group Holding Limited announced the disposal of its shares in Sun Art Retail Group, a move that involves selling approximately 73.66% of Sun Art shares held through its...
Alibaba Sells Stake in Sun Art Retail: A Strategic Shift
5 days ago · Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on e-commerce and cloud services.
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For …
6 days ago · Sun Art Retail confirmed that on December 31, 2024, Offeror entered into a sales and purchase agreement with the Sellers for the conditional sale and purchase of about 7.51 billion Shares (namely the Sale Shares, representing approximately 78.70% of the Shares in issue as at the date of the joint announcement) at a total consideration of HK$10. ...
Alibaba to Sell Sun Art Stake to DCP for $1.6 Billion
6 days ago · Alibaba Group Holding Ltd., one of China's leading e-commerce giants, announced its agreement to sell a majority stake in Sun Art Retail Group to private equity firm DCP Capital for HK$12.298 billion (approximately $1.6 billion).
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