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Alibaba Group

Alibaba Group latest

Alibaba sells $1.6B worth of shares in Sun Art
January 2nd, 2025 - 09:35 GMT
Reema Tuqan

Reema Tuqan

Alibaba sells $1.6B worth of shares in Sun Art

ALBAWABA – Alibaba, the Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology, announced selling its shares in Sun Art, a leading retailer with hypermarket and omni-channel e-commerce businesses in China, for approximately $1.6 billion. Alibaba sells shares in Sun Art The famous e-commerce leader announced selling their shares in Sun Art hypermarket for $1.6 billion, which equals about 70% of the major retail chain. Alibaba made the ...
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May 14th, 2024 - 08:35 GMT

Alibaba profits suffer an 86% decline, while Tencent builds an empire

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June 10th, 2020 - 08:30 GMT

How COVID-19 Helped China's Companies Emerge as Philanthropists

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