Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy.

Alibaba Group Holding (NYSE:BABA) slashed its large language model prices by up to 85%, exhibiting intense domestic rivalry ...

Alibaba Group Holding Ltd. has agreed to sell its more than 70% stake in Sun Art Retail Group Ltd. to private equity firm DCP ...

Hangzhou-based Alibaba, a leading player in China’s vast e-commerce sector, has faced stiffer competition in recent years as ...

Jack Ma, a cofounder of Chinese e-commerce giant Alibaba Group, will be a visiting professor at Tokyo College, a research institute run by the prestigious University of Tokyo, the university said ...

Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain ...

The 79% stake being sold is held by Alibaba subsidiaries, according to a filing with the Hong Kong Stock Exchange. According ...

Alibaba Group Holding surprised investors a few years ago when the e-commerce giant's employee headcount surged to 252,084 at the end of December 2020, more than double its 122,399 total in the ...

Alibaba will incur about $3 billion of losses from the disposal of non-core retail assets including Sun Art, we calculate. The sale of the grocer at a 0.6x price-to-net asset valuation trails ...

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 ...

Alibaba Cloud, the Chinese e-commerce firm’s cloud computing division, said Tuesday it’s cutting prices on its visual language model Qwen-VL by up to 85%. The move is a demonstration of how ...