Alibaba To Sell Chinese Hypermarket Operator As It Focuses On
6 days ago · The company first invested in Sun Art in 2017, and put in another $3.6 billion in 2020 as it sought to collaborate with the latter on a so-called new retail strategy, which once included ...
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
Jan 1, 2025 · That’s significantly less than the $3.6 billion Alibaba paid just to double its stake in Sun Art in 2020, and falls far short of Sun Art’s 2024 market value of about $3 billion.
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to ...
Jan 1, 2025 · The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company’s interest in Sun Art at HK$1.75 ...
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to ...
6 days ago · Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its bricks-and-mortar presence. The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company's interest in ...
Alibaba to sell Sun Art to buyout firm DCP for US$1.6 billion
6 days ago · Alibaba Group Holding Ltd (阿里巴巴) agreed to sell its shares in Sun Art Retail Group Ltd (高鑫零售) to private equity firm DCP Capital (德弘資本), unloading another high-profile physical commerce asset to focus on its core online business.
Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift
5 days ago · Alibaba, which had bought the controlling stake in Sun Art for $3.6 billion just two years ago, is estimated to have lost about $1.8 billion from the transaction.
China's Alibaba Sells Hypermarket Chain Operator Sun Art at …
6 days ago · (Yicai) Jan. 2 -- Alibaba Group Holding is offloading its entire stake in Sun Art Retail, the operator of hypermarket chain RT-Mart, to Chinese private equity firm DCP Capital for HKD13.1 billion (USD1.6 billion), around a quarter of the price that it paid for it, as the Chinese e-commerce giant continues to divest of non-core assets to refocus on its core business.
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
6 days ago · 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 ...
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For …
Jan 1, 2025 · The 78.70% share represents holdings held by Alibaba subsidiaries. Sun Art Retail confirmed that on December 31, 2024, Offeror entered into a sales and purchase agreement with the Sellers for the conditional sale and purchase of about 7.51 billion Shares (namely the Sale Shares, representing approximately 78.70% of the Shares in issue as at the ...
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For …
Jan 1, 2025 · (RTTNews) - Alibaba Group Holding Ltd (BABA) agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital for approximately $1.58 billion.