Alibaba Group Sun Art retail

Alibaba to take control of China’s top hypermarket chain in $3.6bn

Chinese tech titan Alibaba Group will take control of leading supermarket chain Sun Art Retailing. According to the details, Alibaba will invest about $3.6 billion to double its stake in Sun Art Retail Group, taking control of China’s largest hypermarkets. The tech giant aims to uplift its offline shopping services in China’s booming retail market. Alibaba will raise its direct and indirect

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