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Alibaba to sell majority stake in Sun Art hypermarkets
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 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 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 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.
5d
Alibaba: Nothing Is Over Yet
Alibaba reshuffles commerce business, faces market share losses in China, AI growth opportunity yet to boost cloud ...
3d
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Is Alibaba Group Holding (BABA) the Best Low Volatility Stock to Buy Right Now?
We recently published a list of 8 Best Low Volatility Stocks To Buy Right Now. In this article, we are going to take a look ...
1d
Alibaba Leverages Scale and Deep Pockets to Slash AI LLM Prices To Gain Market Share
Alibaba cuts prices on large language models by up to 85% amid fierce competition in Chinese market, while investing in AI ...
12d
Alibaba: Expanding Globally With Strength
Alibaba is a Strong Buy with 74% potential upside, stable revenue growth, and international expansion in e-commerce and cloud ...
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1d
Shinsegae partners with Alibaba for strategic e-commerce push
South Korea’s retail giant Shinsegae Group is set to establish a joint venture with China’s Alibaba International this year, ...
2d
Alibaba Cloud announces aggressive LLM price cuts in bid to dominate China’s AI market
Alibaba Cloud is the cloud computing arm of the Chinese e-commerce giant Alibaba Group Holding Ltd. The price cuts highlight ...
1d
Alibaba Sells $1.58 Billion Stake In Sun Art Retail, Refocusing On Core E-Commerce Strategy
Chinese e-commerce giant Alibaba announced plans to sell its 78.7% stake in hypermarket chain Sun Art Retail Group.
2d
Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...
1d
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, ...
3d
Alibaba cuts AI visual model cost by 85% on last day of year as price war rages on
Alibaba Cloud, the cloud computing arm of Alibaba Group Holding, has given users of its visual reasoning artificial ...
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1d
Chinese Tech Rivalry Grows as Alibaba Slashes AI Model Prices
Alibaba announced significant price reductions of up to 85% for its large language models (LLMs), signaling intensifying ...
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