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Alibaba To Invest $3.6 Billion To Control Sun Art Retail

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Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) today announced it will invest approximately US$3.6 billion in respect of Sun Art Retail Group Limited (HKEX: 6808), a Chinese hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately 72%. This transaction demonstrates Alibabaࢀ™s continued commitment to Sun [ࢀ¦] Alibaba To Invest $3.6 Billion To Control Sun Art Retail comes from China Money Network: Primary Data for China’s Primary Markets! All Rights Reserved.

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