Alibaba's Sun Art Faces Uncertainty as Trading Suspension Fuels ...
WEB1 day ago — Sun Art’s topline declined by 13.3% in the year ended March 31 to 72.6 billion yuan ($10.3 billion) due to the contraction of its supply chain business and store closures.
Alibaba's Sun Art suspends Hong Kong trading, sparking …
WEB3 days ago — Sun Art shares traded most recently at HK$1.79, down about 78 per cent from the price per share of about HK$8.1 that Alibaba paid at the time of its investment. Alibaba is the owner of the South ...
Alibaba-Owned Hypermarket Chain Sun Art Said to Draw PE Interest
WEB5 days ago — 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 to pay $3.6bn to take control of Chinese supermarket chain Sun Art
WEBOct 19, 2020 — Sun Art’s substantial brick-and-mortar footprint has made the company a key partner for Taoxianda, Alibaba’s fledgling grocery delivery platform.
Alibaba Acquires Controlling Stake in Sun Art-Alibaba Group
WEBOct 19, 2020 — This transaction demonstrates Alibaba’s continued commitment to Sun Art, and its New Retail strategy by further integrating online and offline resources in China’s retail sector.
Alibaba Acquires Controlling Stake in Sun Art - Business Wire
WEBOct 19, 2020 — Today, all Sun Art physical stores in China have been integrated into Alibaba’s Taoxianda and Tmall Supermarket platforms, providing one-hour and half-day on-demand delivery through deep...
Alibaba to Pay $3.6 Billion to Acquire Controlling Stake in Sun Art ...
WEBOct 19, 2020 — Alibaba Group Holding Ltd. will invest about US$3.6 billion to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd., part of the technology giant’s efforts to bridge...
Alibaba takes control of grocery operator Sun Art in $3.6bn deal
WEBOct 19, 2020 — HONG KONG -- Alibaba Group Holding, China's largest e-commerce company, will take control of domestic hypermarket chain Sun Art Retail Group from its French owner, doubling down on the...
Alibaba to take controlling stake in grocer Sun Art for HK$28B
WEBOct 18, 2020 — Alibaba Group Holding Ltd. said Oct. 18 it will acquire a controlling stake in Chinese hypermarket operator Sun Art Retail Group Ltd. for approximately HK$28 billion, or US$3.6 billion, as part of its broader New Retail strategy of integrating online and offline resources in China's retail sector.
Alibaba Group will spend $3.6 billion to take control of Chinese ...
WEBOct 18, 2020 — Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains.