Monday, November 20, 2017

Alibaba to Buy Big Stake in Chinese Big-Box Retailer

E-commerce giant Alibaba is adding to its already-sizeable bet on brick-and-mortar, saying it will pay $2.88 billion for a 36% stake in China’s second-largest big-box retailer, Sun Art Retail.

from WSJ.com: US Business http://ift.tt/2zTfyiP
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