HONG KONG -- Alibaba Group Holding, China's largest e-commerce company, will take control of domestic hypermarket chain Sun Art Retail Group from its French owner, doubling down on the country's grocery business which has surged during the coronavirus pandemic.
Retail
Alibaba takes control of grocery operator Sun Art in $3.6bn deal
E-commerce conglomerate expands further in hypermarket sector amid pandemic
Read Next
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Retail
