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Alibaba stock price increase by more than 10% by March 31, 2025?
3
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Alibaba's stock price data on financial platforms like Bloomberg or Yahoo Finance
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Alibaba Sells Sun Art Stake to DCP for $1.6 Billion After $3.6 Billion Investment for Over 70% Ownership
Jan 1, 2025, 12:15 PM
Alibaba Group Holding Ltd. has announced its decision to sell its stake in Sun Art Retail Group to private equity firm DCP for $1.6 billion. This transaction follows Alibaba's previous investment of approximately $3.6 billion in 2020, which increased its ownership in Sun Art to over 70%. The move is part of Alibaba's strategy to refocus on its core online business amid a shifting retail landscape in China.
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