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Alibaba to sell stake in Sun Art Retail

Seeking Alpha · 17h

Alibaba: Shedding Sun Art To Illuminate E-Commerce

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.

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,

Bloomberg L.P. · 4d

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.

Seeking Alpha on MSN3d

Alibaba to sell stake in China's hypermarket chain Sun Art for $1.58B

Alibaba Group (NYSE:BABA) will sell its majority stake in hypermarket chain Sun Art Retail Group (OTCPK:SURRY) ...

2d

Analysts Offer Insights on Consumer Cyclical Companies: Hasbro (HAS) and Sun Art Retail Group (OtherSURRF)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Hasbro (HAS – Research Report) and Sun Art Retail ...

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