techcrunch.com
Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push
#HTE
Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across 224…
Read Morehttps://techcrunch.com/2017/11/19/alibaba-sun-art/?ncid=rss
6 years ago