Reuters was first to report that Chinese internet giant Alibaba Group (9988.HK), is looking to sell a number of consumer sector assets, including grocery business Freshippo and retailer RT-Mart.
Business & FinanceTechnology
Alibaba considers sale of consumer assets including Freshippo, RT-Mart
02 February 2024, 1:58 pm 1 minute
Market Impact
Alibaba invested $3.6 billion in 2020 to acquire a controlling stake in hypermarket operator Sun Art Retail Group Ltd (6808.HK), which runs RT-Mart, after buying a 21% stake in the company three years earlier.
Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: Asia
Countries: China
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
