Alibaba to sell Sun Art to buyout firm DCP

Alibaba Sells Sun Art Stake to DCP Capital for $1.6 Billion, Shifting Focus Back to Online Commerce
Alibaba Group Holding Ltd. has agreed to sell its over 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP Capital for up to $1.6 billion. The sale marks a significant retreat from Alibaba's physical retail investments as it shifts focus to its core online commerce operations under CEO Eddie Wu.
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business.
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company’s interest in Sun Art at HK$1.75 per share,
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
China's Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.
Alibaba to sell Sun Art to buy out firm at a discount
Alibaba Group Holding Ltd has agreed to sell its shares in Sun Art Retail Group Ltd to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus on its core online business.
China's Alibaba Sells Hypermarket Chain Operator Sun Art at Huge Loss
Alibaba’s share price [HKG:9988] was trading down 0.5 percent at HKD81.95 (USD10.50) as of 12 p.m. today, while Sun Art’s stock [HKG:6808] was trading down 16.1 percent at HKD2.08 (USD0.27). Earlier in the day it plunged 35 percent to HKD1.60
Alibaba Sells Majority Stake In Sun Art Retail To DCP Capital For $1.58 Bln
Alibaba Group Holding Ltd (BABA) agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn
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Alibaba to sell Sun Art stake to Chinese PE firm DCP for $1.6bn
BEIJING (Reuters) -- China's Alibaba Group Holding said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion).
Alibaba Sells $1.6 Billion Stake in Sun Art Retail Group as It Shifts Focus
Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.
Alibaba To Sell Chinese Hypermarket Operator As It Focuses On Core Business
Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain ...
Alibaba sale of Sun Art consistent with non-core downsizing, says Morgan Stanley
After Alibaba (BABA) announced that it would sell its full 78.7% equity interest in Sun Art to DCP Capital for gross proceeds of about $1.5B, ...