Alibaba Sells Sun Art Stake to DCP Capital for $1.6 Billion, Shifting Focus Back to Online Commerce
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 Alibaba's physical retail investments as it shifts focus to its core online commerce operations under CEO Eddie Wu.
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
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 per share,
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 majority stake in Sun Art hypermarkets for $1.58bn
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Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For $1.58 Bln
Alibaba Group Holding Ltd (BABA) agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital
China’s Alibaba to offload 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.
China E-Commerce Giant Alibaba Sells Stake In Retail Firm Sun Art To Focus On Core Business
Alibaba stock was lower Thursday after it announced a $1.7 billion deal to sell Sun Art, a hypermarket operator in China.
Alibaba To Sell Chinese Hypermarket Operator As It Focuses On Core Business
Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain and the Costco-like M-Club membership stores across China.
Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus
Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
Digi Times4d
Alibaba to sell Sun Art to buyout firm DCP for US$1.6 billion
Alibaba Group agreed to sell its shares in Sun Art Retail Group to private equity firm DCP Capital, unloading another ...
Reuters6d
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
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 Chinese private equity firm DCP ...