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Sun Art Retail Group Ltd
Private equity
Alibaba-owned hypermarket chain Sun Art said to draw PE interest
Shares of Sun Art have climbed 28% this year, giving the company a market value of about US$2.2 billion ($2.82 billion).
September 27, 2024
M&A
Alibaba to invest $4.89 bil in grocer Sun Art, raising its direct and indirect stake to 72%
The deal signals the intention of Alibaba to try and dominate one of Chinese e-commerce’s largest untapped frontiers.
October 19, 2020