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Alibaba to Sell Sun Art to Buyout Firm DCP
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion
China's Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.
Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion
Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business.
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce
The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company’s interest in Sun Art at HK$1.75 per share,
China’s Alibaba to offload Sun Art stake to DCP for $1.6 billion
China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.
21m
Alibaba Cloud announces aggressive LLM price cuts in bid to dominate China’s AI market
Alibaba Cloud is the cloud computing arm of the Chinese e-commerce giant Alibaba Group Holding Ltd. The price cuts highlight ...
1d
on MSN
Alibaba slashes prices on large language models by up to 85% as China AI rivalry heats up
Alibaba is offering the price cuts on its visual language model, Qwen-VL, which is designed to perceive and understand both ...
中国日报网
2h
Alibaba to sell Sun Art shares for $1.69 billion
In 2020, the tech heavyweight invested $3.6 billion to gain a controlling stake in Sun Art, upping the ante in
China
's ...
20h
Alibaba cuts AI visual model cost by 85% on last day of year as price war rages on
The adjustment will position Qwen-vl-max as a direct competitor to a similar visual model ByteDance launched in the middle of ...
3d
Alibaba: China Woes Will Subside And This Undervalued Powerhouse Will Thrive
Analyzing Alibaba's Q2 results, revenue growth and investment in Alibaba Cloud despite economic challenges, presenting an ...
1h
on MSN
This Tesla Model 3 Rival In China Is Affordable Absurdity
As a result, Chinese EVs are far cheaper than what we get here in the U.S. and still offer more value. One case in point is ...
6d
Alibaba Cloud to live stream China's Spring Festival television gala globally for first time
Alibaba Cloud, the cloud computing and artificial intelligence (AI) arm of Alibaba Group Holding, is working with Chinese ...
3d
Alibaba: Nothing Is Over Yet
Alibaba reshuffles commerce business, faces market share losses in China, AI growth opportunity yet to boost cloud ...
1d
ByteDance leads China’s Big Tech sector in capital spending with US$11 billion for 2024
ByteDance, which generates strong cash flow from Douyin, the Chinese version of TikTok, is expected to double its capital ...
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