A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters
A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters

Alibaba Group to pay US$3.6 billion to take control of China’s biggest hypermarket operator Sun Art from French billionaire Mulliez family

  • Alibaba will double its effective stake in Hong Kong-listed Sun Art Retail Group with a deal with Mulliez family’s Auchan Holding
  • Deal gives Alibaba Group 72 per cent stake in hypermarket chain with 484 outlets as efforts to combine offline and online stores accelerate

Topic |   US-listed Chinese stocks
A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters
A customer pushes a shopping trolley at Sun Art Retail Group's Auchan hypermarket store in Beijing in November 2015. Photo: Reuters
READ FULL ARTICLE