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October 19, 2020 06:05 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/M0VPFFTYrbc/
Alibaba Group will spend $3.6 billion to take control of Chinese supermarket giant Sun Art
Alibaba Group said today it will spend about $3.6 billion to take a controlling stake in Sun Art, one of Chinas largest big-box and supermarket chains. After the transaction is complete, Alibaba Group will own 72% of Sun Art. As in other countries, COVID-19 lockdowns increased demand for online food orders in China, drawing in […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/M0VPFFTYrbc/
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