Alibaba announced its plans to invest HK$22.4 billion ($2.9 billion) for a 36% stake in Sun Art Retail Group, the largest operator of supermarkets or hypermarkets in China. In this note we take a look at how this move fits into the company's broader strategic plan.
Alibaba announced its plans to invest HK$22.4 billion ($2.9 billion) for a 36% stake in Sun Art Retail Group, the largest operator of supermarkets or hypermarkets in China. In this note we take a look at how this move fits into the company's broader strategic plan.
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