Sun Art Retail Group
Department Stores, Shopping Centers & Superstores · China · 10K+ Employees
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Overview
Headquarters
Jiangchang Xi Jing'an District Rd No 255...Website
www.sunartretail.comRevenue
$10.2 BillionStock Symbol
SURRFIndustry
About Sun Art Retail Group
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Sun Art Retail Group is experiencing very low activity levels compared to other companies in the Retail sector.
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Sun Art Retail Group financials insights
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Stock Offering
$1.1B
Corporate Investment
$2.9B
Sun Art Retail Group Tech Stack
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Sun Art Retail Group News & Media
Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift - Yahoo Finance
Alibaba's Retail Shakeup: Sun Art Stake Sold to DCP CapitalAlibaba’s Been Cramming in the Deals Over the Holiday Season
(Bloomberg) -- While many consumers load up on goods in the holidays, Alibaba Group Holding Ltd. has been busy selling assets, even if it means taking a loss. Most Read from BloombergIs This Weird Dome the Future of Watching Sports?NYPD Seeking Gunmen After 10 People Wounded Outside Queens VenueDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe ChineseAlibaba quits Sun Art stake for $1.6 billion as it refocuses on e-commerce - Inside Retail Asia
China's Alibaba Group has agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for US$1.58 billion.Alibaba Sells Stake in Sun Art Retail: A Strategic Shift - Industry Leaders Magazine
Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on e-commerce and cloud services.
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Frequently Asked Questions Regarding Sun Art Retail Group
Sun Art Retail Group Ltd. operates as an investment holding, which engages in the opreation of hypermarket stores in China. It operates through the following business segments: Auchan, RT-Mart, Feinu.com, and Fieldschine.com. It offers hypermarket and retail gallery of food and non-food merchandise. The company was founded on December 13, 2000 and... Read More