Alibaba will incur about $3 billion of losses from the disposal of non-core retail assets including Sun Art, we calculate. The sale of the grocer at a 0.6x price-to-net asset valuation trails ...
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 at a discount to focus ...
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 ...
China’s Alibaba Group Holding Ltd. BABAF said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group Ltd. to Chinese private equity firm DCP Capital for ...
BEIJING — 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 ...
“I love to tell the story and the journey of every product I sell,” he says ... a 30-year-old Louis Vuitton as if it were a piece of art. Despite its growth, the resale market isn’t without ...