Alibaba announced that it has taken a 36.16% stake in Sun Art Retail Group. The Group is a Hong-Kong based business operating 446 hypermarkets across 224 cities in mainland China. It is the most prolific operator of hypermarket stores in the country. With Alibaba’s new stake, the company is the second largest shareholder after purchasing … Continue reading “Alibaba Takes a Stake in Huge Chinese Grocer”
