Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.

Chinese online marketplace Alibaba Group ... of active buyers during their 16th annual 11.11 Shopping Festival. "Alibaba to divest retail store chain Intime for $1bn " was originally created ...

Alibaba is expanding from its core online businesses ... its Tmall and Taobao shopping platforms. The company said mobile monthly active users of its Chinese retail marketplaces grew to 549m ...

BABA sells Intime, marking a shift from its New Retail initiative to focus ... The original idea was to connect online and offline shopping experiences, leveraging big data to drive greater ...

Alibaba announces the sale of its 78.7% stake in Sun Art Retail, marking a key step in its strategic shift to refocus on ...

Chinese e-commerce giant Alibaba 9988-1.24%decrease; red down pointing triangle Group Holding and South Korean retailer E-mart plan to set up an online shopping joint venture. Alibaba and E-mart ...

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for ...

Intime, a major offline retail chain, became an integral part of Alibaba’s strategy for integrating online and offline commerce following a strategic partnership announcement in June 2015. The company ...

Taobao has firmly established itself as a household name in online shopping over the years. Alibaba, the company behind Taobao and Tmall, is unsurprisingly one of the world’s largest e-commerce ...

Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, ...

South Korean discount chain E-Mart, a unit of tycoon Chung Yong-jin’s retail ... s online shopping platform. Gmarket’s CEO, Danny Chung, joined the company in July from Alibaba where he ...