By Finance Pulse in Transformative —

Alibaba Sells Majority Stake in Sun Art for $1.58 Billion

Alibaba Group divests its 78.7% stake in Sun Art Retail to DCP Capital for HK$12.298 billion ($1.58 billion). Discover the strategic move behind this sale.

A sleek, modern graphical representation of Alibaba and Sun Art logos intertwined, symbolizing the t
Alibaba Sells Majority Stake in Sun Art for $1.58 Billion

Alibaba Group Holding Ltd is selling its 78.7% stake in Sun Art Retail Group to DCP Capital for HK$12.298 billion ($1.58 billion).

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