Alibaba-Owned Hypermarket Chain Sun Art Attracts Private Equity Interest

Recent reports have stirred the retail world, as Sun Art Retail Group Ltd., a hypermarket chain under Alibaba Group Holding Ltd.'s ownership, comes into the spotlight among private equity firms. According to people in the know about the matter, such companies might be interested in investing in the wide reach of retail operation that has spread itself across China. Preliminary is how the talks are described, and it is not certain whether the result of any agreement.

Continue reading