Alibaba to take control of Sun Art in China

Date : 19 October 2020

Charles Chan

Senior Retail Analyst

Alibaba is investing approximately US$3.6bn to double its stake in Sun Art to 72%, taking control of the largest retailer in China. Alibaba is purchasing the stake from Auchan, which on completion of the sale will see it exit the Chinese market. Alibaba strengthening bricks-and-mortar presence…
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