Alibaba sells majority stake in Sun Art Retail to DCP Capital for $1.58 billion, marking strategic shift.

From Nasdaq: 2025-01-01 09:24:00

Alibaba Group Holding Ltd has agreed to sell its majority stake in Sun Art Retail Group to Chinese private equity firm DCP Capital for $1.58 billion, a significant drop from the $3.6 billion Alibaba paid in 2020. The 78.70% share represents holdings by Alibaba subsidiaries. Sun Art Retail confirmed the sale of about 7.51 billion shares on December 31, 2024, for a total consideration of HK$10.36 billion, or HK$1.38 per share. This move marks a strategic shift in Alibaba’s investment portfolio.



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