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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 and the Costco-like M-Club membership stores across China.

By: Forbes

Jan 03 2025
63
6530 Views

Alibaba To Sell Chinese Hypermarket Operator As It Focuses On Core Business

Customers shop inside an RT-Mart hypermarket operated by Sun Art Retail Group.
Giulia Marchi/Bloomberg
Alibaba Group Holding has agreed to sell its controlling stake in Chinese hypermarket operator… [+2348 chars]

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