January 26, 2021

Alibaba pushes deeper into retail with $2.88 billion investment

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By BRIAN DEAGON From Investors Business Daily China e-commerce leader Alibaba (BABA) on Monday said it will invest $2.88 billion for a 36.16% stake in Hong Kong-based Sun Art Retail as part of a strategic alliance to expand opportunities in the nation’s food and grocery retailing sector.  OffSun Art Retail operates 446 “hypermarket complexes” in […]