Alibaba Group Holdings is often called The Amazon of China. The company, which has grown into a global e-commerce, internet, and technology company, followed Amazon's example by expanding into ...

BEAVERTON, Ore.--(BUSINESS WIRE)--Ultra Accelerator Link™ Consortium (UALink™) has announced the expansion of its Board of Directors with the election of Alibaba Cloud Computing Ltd., ...

International business is also a shining area with Alibaba International Digital Commerce (AIDC) posting 29% YoY revenue growth, driven by "high growth in cross-border companies such as AliExpress ...

One of China’s largest hypermarket chains, Sun Art’s RT-Mart embarks on a new chapter under DCP Capital’s ownership. On January 1, Chinese internet giant Alibaba Group announced through the Hong Kong ...

Alibaba Group Holding Ltd China's e-commerce giant Alibaba Group Holding Ltd (BABA, Financial) has announced the sale of its entire 73.7% stake in Sun Art Retail Group, China's biggest hypermarket ...

Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to HK$12.3 billion (S$2.16 billion) to focus on its ...

BEIJING: Alibaba Group Holding Ltd has agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a ...

BEIJING — 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 ...

Seeking to focus more on ecommerce and other digital businesses, Alibaba Group plans to sell its more than 70% stake in Sun Art ... according to a statement by E-mart parent company Shinsegae Group.

Alibaba Group Holding Limited has announced the sale of its shares in Hong Kong-listed Sun Art Retail Group. This comes as DCP Capital, the Chinese private equity firm, has agreed to acquire ...

The e-commerce firm may be taking a big loss from the deal Alibaba unloading physical assets to focus on online business China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 billion ...