Skip to main content

Alibaba Acquires Majority Stake in Chinese Supermarket Chain Sun Art

The Alibaba Group said it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group, gaining further ground in China's retail market. Alibaba, which already owned 21 percent of Sun Art through a unit, will raise its stake to around 72 percent through the acquisition of a similar stake in A-RT Retail Holdings, who owns 51 percent of Sun A...

from Gadgets 360 https://ift.tt/2Iz0nl1
via

Comments

Popular posts from this blog

TCL 10 Pro and 10L will get Android 11 and two years of security updates

Back in April TCL made the 10 Pro and 10L official, and they went on sale earlier this month. These are the two Android smartphones that the company is primarily using to make a name for itself outside of China. While TCL has made a lot of Alcatel and BlackBerry branded handsets over the years, few people in the Western world know about it in this respect. Neither the 10 Pro nor the 10L are proper flagship devices, instead TCL is apparently emulating HMD Global's initial strategy with the revived Nokia brand - go after the mid-range first. Though nowadays even in that price segment,... from GSMArena.com - Latest articles https://ift.tt/3gf1B1q via