An employee carries shopping trolleys into Sun Art Retail Group's Auchan hypermarket store in Beijing. Photo: Reuters
An employee carries shopping trolleys into Sun Art Retail Group's Auchan hypermarket store in Beijing. Photo: Reuters
Alibaba

Alibaba intensifies China retail rivalry with Tencent on back of US$3.6 billion Sun Art deal

  • Alibaba’s move to take control of hypermarket operator Sun Art is expected to push forward its ‘new retail’ strategy in China
  • The stakes are high for Alibaba amid predictions that China will soon edge out the United States as the world’s largest retail market

An employee carries shopping trolleys into Sun Art Retail Group's Auchan hypermarket store in Beijing. Photo: Reuters
An employee carries shopping trolleys into Sun Art Retail Group's Auchan hypermarket store in Beijing. Photo: Reuters
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