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.
Topic
Sun Art
A collection of 17 issues
Alibaba Divests 70% Stake in Sun Art for $1.6 Billion
Alibaba sells its 70% stake in Sun Art to DCP Capital for $1.6 billion. Discover how this strategic move impacts the retail landscape and Alibaba's future plans.
Sun Art's Market Value Surges Over 80% in a Year
Sun Art Retail Group sees an impressive 80% market value growth over the past year, defying challenges posed by recent asset sales. Explore their success story.
Alibaba's $3.6 Billion Sun Art Investment Turns Sour
Alibaba's $3.6 billion investment in Sun Art in 2020 results in a significant loss. Explore the financial impact of this strategic decision.
Alibaba Divests Sun Art Stake to Boost Online and Global Growth
Alibaba shifts focus to core online operations and international expansion by selling its stake in Sun Art. Discover how this move impacts Alibaba's strategy.
Alibaba Sells Sun Art Stake at a Loss
Alibaba, after investing $3.6 billion in Sun Art in 2020, sells its stake at a loss. Explore the financial implications and strategic decisions behind this move.
Alibaba Shifts Focus to Online by Selling Sun Art Stake
Alibaba strategically pivots towards online business by selling its Sun Art stake, moving away from physical retail. Discover the implications for the digital landscape.