Alibaba has divested its entire stake in hypermarket operator Sun Art for $1.58 billion to Chinese private-equity company DCP ...

The stake was intended to integrate Alibaba’s digital capabilities with Sun Art’s hypermarkets. Alibaba Group has announced ...

One of China’s largest hypermarket chains, Sun Art’s RT-Mart embarks on a new chapter under DCP Capital’s ownership.

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. Read why I'm bearish on BABA stock.

While many consumers load up on goods in the holidays, Alibaba Group Holding Ltd. has been busy selling assets, even if it ...

The divestment is part of Alibaba's strategic shift to concentrate on its e-commerce core, as the intensifying competition from e-commerce rivals such as Pinduoduo sends a chill t ...

The People’s Bank of China plans to cut interest rates this year as it makes a historic shift to a more orthodox monetary policy in line with the US Federal Reserve and the European Central Bank.

After disposing of Sun Art and Intime, an ‘asset-light’ Alibaba is expected to be in a better position to compete against ...

Alibaba Group Holding Ltd has agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, ...

Alibaba Group Holding Ltd. has agreed to sell its over 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP ...

Alibaba Group plans to sell its more than 70% stake in Sun Art, operator of RT-Mart and M-Club stores in China, for $1.6 ...

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 ...