Home Business Alibaba Group to pay US$3.6 billion to take management of China’s greatest hypermarket operator from French billionaire Mulliez family-Autopresse.eu

Alibaba Group to pay US$3.6 billion to take management of China’s greatest hypermarket operator from French billionaire Mulliez family-Autopresse.eu

Alibaba Group to pay US$3.6 billion to take management of China’s greatest hypermarket operator from French billionaire Mulliez family-Autopresse.eu

Alibaba Group to pay US$3.6 billion to take management of China’s greatest hypermarket operator from French billionaire Mulliez household

2020-10-19 00:12:36

Alibaba Group is taking management of China’’s largest hypermarket operator Solar Artwork Retailing from the French billionaire Mulliez household, boosting its stranglehold on e-commerce because the Covid-19 pandemic intensified efforts to combine on-line and offline buying.Alibaba, which runs Taobao, the world’s largest on-line market, pays HK$28 billion (US$3.6 billion) to lift its efficient stake within the Hong Kong-listed group to 72 per cent, in response to an organization assertion. It can impact the…

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