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Alibaba sells stake in Chinese hypermarket operator at steep discount

Sun Art deal is ecommerce group’s second major divestment of bricks-and-mortar assets in less than a month
Financial Times - 5d
Alibaba to Sell Stake in Chinese Hypermarket Operator

Alibaba Group has agreed to sell its shares in Sun Art Retail in a $1.7 billion deal, the latest divestment as part of efforts to focus on its core e-commerce business.
The Wall Street Journal - 6d