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Alibaba-controlled hypermarket operator Sun Art appoints new CEO amid restructuring and rising competition

Alibaba-controlled hypermarket operator Sun Art appoints new CEO amid restructuring and rising competition
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Alibaba Gauges Potential Interest in Brick-and-Mortar Businesses

Alibaba is considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime. ....

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Alibaba Said to Weigh Sale of Mall Chain in Latest Overhaul Step

(Bloomberg) Alibaba Group Holding Ltd. is considering selling its InTime department store arm, suggesting the Chinese internet company is rethinking a years-old ambition of dominating physical and online retail as it undergoes a broad restructuring.Most Read from BloombergTrump Risks Losing More Than Half of Swing-State Voters If Found GuiltyMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneHouse Passes $78 Billion Business, Child Tax Break BillS&P 500 Has Its Worst Fe ....

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Sun Art Retail Group Limited (OTCMKTS:SURRY) Short Interest Down 57.9% in December

Sun Art Retail Group Limited (OTCMKTS:SURRY – Get Free Report) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 800 shares, a drop of 57.9% from the December 15th total of 1,900 shares. Based on an average daily volume of 300 shares, the […] ....

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China's Fresh Grocery Market Set to Surpass US$2 Trillion

Dublin, Sept. 29, 2023 (GLOBE NEWSWIRE) The ....

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