YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Alibaba to spend $3.6B for controlling stake in supermarket company

Posted online

Alibaba Group announced plans to invest $3.6 billion to gain a controlling stake in Chinese supermarket chain Sun Art.

When the transaction is finalized, Alibaba would own 72% of the company.

Alibaba first invested in Sun Art in 2017, when it spent nearly $2.9 billion for a 36.2% stake.

Read more from TechCrunch.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Roy Blunt Hall addition

Missouri State University’s science building, built in 1971 and formerly called Temple Hall, is being reconstructed and updated.

Most Read
Update cookies preferences