Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of China’s largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art.
from Pocket https://techcrunch.com/2020/10/18/alibaba-group-will-spend-3-6-billion-to-take-control-of-chinese-supermarket-giant-sun-art/
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