Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed business that operates 446 hypermarkets across 224… Read More
Permalink — http://feedproxy.google.com/~r/Techcrunch/~3/vrCAJzCAlNI/
URL of source article.
Date — November 20, 2017 2:43 am
Publish date of source article.
Source — http://feeds.feedburner.com/TechCrunch
URL of RSS feed.
Advertisements
