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

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

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