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What will be Alibaba's primary focus area for growth by the end of 2025?
2
Resolution / Starting Odds
E-commerce • 25%
Cloud computing • 25%
Digital media and entertainment • 25%
Logistics and infrastructure • 25%
Official announcements from Alibaba or major financial news outlets
Story
Alibaba Sells 78.7% Sun Art Stake to DCP Capital for $1.6 Billion, Incurs $1.8 Billion Loss
Jan 2, 2025, 12:58 AM
Alibaba Group Holding Ltd. has agreed to sell its 78.7% majority stake in Sun Art Retail Group Ltd., the operator of the RT-Mart hypermarket chain and other supermarkets in China, to the private equity firm DCP Capital for approximately $1.6 billion. This move is part of Alibaba's strategy to divest from non-core assets and refocus on its core e-commerce business. The sale price represents a significant discount compared to the $3.6 billion Alibaba paid to acquire a controlling stake in Sun Art in 2020, resulting in an expected loss of about $1.8 billion for Alibaba. Following the announcement, Sun Art's shares experienced a sharp decline, dropping as much as 35% in early trading in Hong Kong.
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Cloud computing • 25%
Digital media and entertainment • 25%
Logistics and supply chain • 25%
E-commerce • 25%
Digital Media & Entertainment • 25%
E-commerce • 25%
Cloud Computing • 25%
Logistics • 25%
E-commerce • 25%
Logistics and Supply Chain • 25%
Digital Media and Entertainment • 25%
Cloud Computing • 25%
North America • 25%
Southeast Asia • 25%
Europe • 25%
Africa • 25%
Acquisition of a tech company • 25%
Focusing on sustainability initiatives • 25%
Partnership with another major retailer • 25%
Expansion into new international markets • 25%
Technology • 25%
Healthcare • 25%
Financial Services • 25%
Retail • 25%
Expanding market share • 25%
Technological innovation • 25%
Customer service enhancement • 25%
Logistics and supply chain improvements • 25%
Increase in revenue by more than 20% • 25%
Increase in revenue by 10-20% • 25%
No increase or a decrease in revenue • 25%
Increase in revenue by less than 10% • 25%
Investment in cloud computing • 25%
Debt repayment • 25%
Other strategic initiatives • 25%
Investment in e-commerce • 25%