Loading...
Market
Percentage change in Alibaba's market cap by end of Q2 2025?
3
Resolution / Starting Odds
Increase by more than 10% • 25%
Increase by 0-10% • 25%
Decrease by 0-10% • 25%
Decrease by more than 10% • 25%
Stock market data for Alibaba listed in Hong Kong and other exchanges
Story
Alibaba Sells 78.7% Stake in Sun Art to DCP Capital for $1.6 Billion, Focusing on Online Business
Jan 1, 2025, 03:41 PM
Alibaba Group Holding Ltd has agreed to sell its majority stake in the hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for approximately $1.6 billion (HK$12.298 billion). The sale includes a 78.7% stake previously held by Alibaba subsidiaries. This move comes after Alibaba initially invested around $3.6 billion in 2020 to increase its stake in Sun Art to over 70%, aiming to integrate its digital capabilities with Sun Art's hundreds of hypermarkets in China. The decision to divest follows an 85% jump in Sun Art's shares in Hong Kong over the past year and is part of Alibaba's strategy to refocus on its core online business, amidst a broader restructuring of its business portfolio.
View original story
Similar markets
Performs on par with peers • 25%
Outperforms peers • 25%
Significantly underperforms peers • 25%
Underperforms peers • 25%
Increase in revenue by 10-20% • 25%
No increase or a decrease in revenue • 25%
Increase in revenue by less than 10% • 25%
Increase in revenue by more than 20% • 25%
No • 50%
Yes • 50%
Increase by 5-10% • 25%
Increase by over 10% • 25%
Decrease by over 5% • 25%
Stable (within +/- 5%) • 25%
10% to 20% • 25%
Less than 10% • 25%
More than 30% • 25%
20% to 30% • 25%
