|Bid||8.120 x 0|
|Ask||8.130 x 0|
|Day's Range||8.070 - 8.280|
|52 Week Range||5.980 - 9.280|
|PE Ratio (TTM)||27.10|
|Earnings Date||Feb 12, 2018 - Feb 16, 2018|
|Forward Dividend & Yield||0.23 (2.91%)|
|1y Target Est||8.27|
Online giant Alibaba (BABA) is investing 22.4 billion Hong Kong dollars (about $2.9 billion) in China’s largest grocery retailer, Sun Art Retail Group. In this series, we'll take a look at the deal and ...
Dec 8 (Reuters) - Sun Art Retail Group Ltd: * ALIBABA ZETAI ENTERED INTO BUSINESS COOPERATION AGREEMENT WITH CO AND ITS UNITS AUCHAN CHINA AND RT MART CHINA Source text for Eikon: Further company coverage:...
The next wave of online shopping is happening offline--and Alibaba (BABA) made a big move in that direction yesterday with the announcement that it would buy more than a third of Sun Art Retail Group (6808.Hong Kong), a Chinese supermarket chain. Remember, Amazon.com (AMZN) made a big splash with its purchase of Wholefoods Market, and has also opened book stores. Wal-Mart Stores (WMT) went the other way by buying Jet.com.
Alibaba announced its plans to invest HK$22.4 billion ($2.9 billion) for a 36% stake in Sun Art Retail Group, the largest operator of supermarkets or hypermarkets in China. In this note we take a look at how this move fits into the company’s broader strategic plan.
E-commerce giant Alibaba is adding to its already-sizeable bet on brick-and-mortar, saying it will pay $2.88 billion for a 36% stake in China’s second-largest big-box retailer, Sun Art Retail.
Nov 20 (Reuters) - Auchan Retail CEO Wilhelm Hubner tells a conference call with journalists that: * Auchan has not been approached by Amazon for deals in Europe * Deal announced with Alibaba is limited ...
Internet giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. [AUCH.UL] and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies said in a joint statement. The alliance would target opportunities in China's $500 billion food retail sector, as Alibaba races to build big-data capabilities in the offline retail market where roughly 85 percent of sales are made.
Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan Retail would boost its stake, the three companies said in a joint statement.
Chinese e-commerce giant Alibaba (BABA) has expanded its presence in traditional bricks-and-mortar retailing with the acquisition of a 36.16% stake in China hypermarket operator Sun Art Retail Group for HKD$22.4 billion ($2.88 billion), which operates 490 outlets across China. Hangzhou-based Alibaba will form a strategic alliance with France's Auchan Retail and Ruentex Group, the Chinese internet giant said in a press release. At the same time, Auchan is also upping its stake in Sun Art.
Nov 20 (Reuters) - Sun Art Retail Group Ltd * announces acquisition of 26.02% interest in sun art retail group limited by Taobao China Holding Limited * Deal for hk$16.13 billion, representing per share ...
Alibaba Group Holding Ltd. agreed to acquire a stake in China’s largest operator of Wal-Mart-style hypermarkets for about $2.9 billion, forming an alliance as the Internet giant makes its latest bet on ...
Nov 19 (Reuters) - Alibaba Group Holding Ltd: * ALIBABA GROUP, AUCHAN RETAIL AND RUENTEX FORM NEW RETAIL STRATEGIC ALLIANCE * ALIBABA GROUP -CO WILL INVEST A TOTAL OF ABOUT $2.88 BILLION TO OBTAIN DIRECT ...
Alibaba Group Holding Limited , Auchan Retail S.A. and Ruentex Group today announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China’s food retail sector.
Nov 13 (Reuters) - Sun Art Retail Group Ltd * Trading in shares of co suspended at 9:00 a.m. on Monday 13 Nov Source text for Eikon: Further company coverage:
Nov 10 (Reuters) - Sun Art Retail Group Ltd: * 9-month revenue RMB79.03 billin versus RMB77.32 billion a year ago * 9-month net profit RMB 2.32 billion versus RMB 2.03 billion a year ago Source text ...
Some of China's largest food suppliers have pulled Brazilian beef and poultry from their shelves in the first concrete sign that a deepening scandal over Brazil's meat processing industry is hitting business in its top export market. The moves by Sun Art Retail Group, China's biggest hypermarket chain, and the Chinese arms of global retail giants Wal-Mart Stores Inc and Metro AG come days after China temporarily suspended Brazilian meat imports.
Hypermarket operator Sun Art Retail Group Ltd on Sunday posted a 5.2 percent rise in 2016 net profit, beating forecasts, as steady demand from lower-tier cities helped offset growing pressure from the ...
Nov.19 -- Jack Ma is pushing further into the brick and mortar retail space. Alibaba is acquiring a controlling stake in China's largest hypermarket operator for about $2.9B. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Asia."