Alibaba Bets Billions On Online Grocery In China
PYMNTS
OCTOBER 19, 2020
In a quest to dominate online food shopping in China, Alibaba invested $3.6 billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. Sun Art tapped Alibaba technology to leverage growth opportunities in China’s hypermarket and supermarket space.
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