Alibaba furthering its stake in offline-market with $3.6 billion investment
According to latest reports e-commerce, titan Alibaba Group Holdings is set to spend $3.6 billion to bolster its stake in hypermarket operator Sun Art Retail Group Ltd, taking swift control in China’s retail market. Following the news, Sun Art stock price surged almost 21% at the opening. Alibaba, with possession of 21% of Sun Art […]
