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. The sale is positive as Sun Art faces a competitive offline retail ...

Alibaba Group Holding Ltd. has agreed to sell its over 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to $1.6 billion. The sale marks a significant retreat from ...

BEIJING: Alibaba Group Holding Ltd has 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 ...

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 ...

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 ...

Alibaba Group Holding Ltd.’s majority stake in Chinese hypermarket chain Sun Art Retail Group Ltd. is attracting preliminary interest from private equity firms, according to people familiar with ...

Alibaba's Sun Art trading suspension sparks speculation of stake divestment, SCMP reports. Sun Art's revenue dropped 13.3% to $10.3 billion amid supply chain issues. Unlock your all-in-one trading ...

The sale is expected to raise gross proceeds of up to $1.7bn, but will mean a loss of Rmb13.2bn ($1.8bn) for Alibaba shareholders when the deal is completed, it added. Sun Art’s Hong Kong-listed ...

That decline was significantly smaller than the 27 percent drop in overall global fine art auction sales during the same period. Meanwhile, collectors added 16 percent more prints, multiples ...