Alibaba will incur about $3 billion of losses from the disposal of non-core retail assets including Sun Art, we calculate. The sale of the grocer at a 0.6x price-to-net asset valuation trails ...
Alibaba will sell its 78.7% stake in Sun Art Retail Group to DCP Capital for $1.58 billion, as part of its strategy to focus on core e-commerce operations. Branded prescription drug prices are ...
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