Alibaba Takes Over China’s Top Hypermart Chain for $3.6 Billion
Customers ride on moving conveyors under a banner for RT-Fresh inside an RT-Mart hypermarket operated by Sun Art Retail Group Ltd., backed by Alibaba Group Holding Ltd., Auchan Retail International S.A. and Ruentex Group, in Shanghai, China. (Photographer: Giulia Marchi/Bloomberg)

Alibaba Takes Over China’s Top Hypermart Chain for $3.6 Billion

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(Bloomberg) -- Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off ...
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