Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion

Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion




Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset to focus on its core online business.



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