YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
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.
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