Capital, Earnings & M&A
After 'Swallowing' Sun Art Retail, Where Is Alibaba's Next Target?
The battle in the same-city retail sector is intensifying. On October 19, Alibaba announced plans to invest HK$28 billion to directly and indirectly hold 72% of Sun Art Retail, accelerating the digitalization of China's largest hypermarket operator. This move reflects Alibaba's ambition and anxiety in the same-city retail space, as it seeks to strengthen its ecosystem and compete with rivals like Meituan and Pinduoduo.
港股研究社