Alibaba to Buy Controlling Stake in Hypermarket Chain Sun Art in $3.6 Billion Deal

Alibaba, which already owned 21% of Sun Art through a unit, will raise its stake to around 72% through the acquisition of a similar stake in A-RT Retail Holdings, who owns 51% of Sun Art.

from Top Business News- News18.com https://ift.tt/2IyHJd1