Bloomberg:

Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business  —  - Sun Art had attracted interest from other private equity firms … China's e-commerce pioneer said it could receive gross proceeds …

Bloomberg:

Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business  —  - Sun Art had attracted interest from other private equity firms … China's e-commerce pioneer said it could receive gross proceeds …

Source: TechMeme
Source Link: http://www.techmeme.com/250101/p5#a250101p5