Alibaba Group Holding (NYSE:BABA) owned Sun Art Retail Group’s suspension of trading signaled speculation of Alibaba’s divestment of stake in the hypermarket operator, SCMP reports.

Alibaba took control of Sun Art Retail Group from the Mulliez, a wealthy French family, for HK$28 billion (US$3.6 billion) in October 2020, as the e-commerce giant sought to synergise online ...

Alibaba's Sun Art trading suspension sparks speculation of stake divestment, SCMP reports. Sun Art's revenue dropped 13.3% to $10.3 billion amid supply chain issues. Alibaba Group Holding BABA ...