Intime Retail

New 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…

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New Business

Alibaba’s supermarket Freshippo records 9 straight months of profit, CEO says

Freshippo, Alibaba Group Holding’s grocery chain known as Hema in its home market, was profitable for nine straight months in…

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