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Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.

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Jan 1, 2025 - 04:45
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Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
Alibaba agreed to divest its entire stake in Sun Art Retail Group to Chinese private-equity firm DCP Capital.
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