Alibaba to sell stake in Sun Art Retail

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, unloading another high-profile physical commerce asset to focus on its core online business.
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. This transaction involves the sale of a 78.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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Sun Art Retail Shares Slide on Alibaba's Exit
Shares of Sun Art Retail Group fell sharply after Alibaba Group said it would unload the Chinese hypermarket operator, less than five years after its acquisition of a controlling stake. Sun Art stock fell as much as 35% early Thursday before paring its loss to 16.
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
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 billion ($1.
Alibaba Stock In Focus After Sun Art Retail Divestment: Retail’s Neutral
ADR shares of Alibaba Group Holding ($BABA) rose 0.78% Tuesday after the Chinese retail giant said it was selling its 78.7% stake in Chinese hypermarket operator Sun Art Retail for $1.7 billion. The move is part of the company’s strategy to reduce its physical retail footprint and focus on e-commerce business,
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Alibaba set on growth path after divesting bricks-and-mortar retailing assets: analysts
After disposing of Sun Art and Intime, an 'asset-light' Alibaba is expected to be in a better position to compete against ...