Sun Art

Retail Asia20/10/2020

Alibaba Group Holding Ltd. will invest about $3.6 billion to double its stake in Sun Art Retail Group Ltd., taking control of China’s largest chain of hypermarts to try and fend off rivals like JD.com Inc. in e-commerce’s hottest growth arena. Alibaba will raise its direct and indirect stake in the grocery chain to about 72% by acquiring equity […]

Retail Asia05/02/2018

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Continuing momentum in Alibaba Group’s New Retail business helped drive a 56 per cent year-on-year growth in sales for the quarter to December 31. The performance of the New Retail category – which combines its online (non-marketplace) and fast-growing offline retail businesses, including investments in Sun Art Retail and other established businesses – was a […]

Retail Asia23/11/2017

This week’s Alibaba-Sun Art deal is a major step in the development of a new retail landscape in China, write Wai-chan Chan and Jacques Penhirin of Oliver Wyman. This is not a “real estate play” with Alibaba buying 446 grocery stores, but shows how serious Alibaba are in developing the “new retail” model combining the […]

Retail Asia21/11/2017

A new Alibaba, Auchan, Sun Art partnership will further strengthen Alibaba’s efforts to integrate online and offline, say analysts. China’s Alibaba Group Holding, France’s Auchan Retail and Taiwan’s Ruentex Group have formed a strategic alliance to bring together their online and offline expertise to explore opportunities in China’s food-retail sector. As part of the deal, Alibaba […]

Retail Asia13/05/2015

Chinese hypermarket operator Sun Art Retail Group has bought a controlling interest in Fields Hong Kong, an online retailer of fresh foods and produce. No price was disclosed for the 54 per cent stake. Fields Hong Kong was established to provide an alternative source of produce in a market where food safety scandals have bred […]

Retail Asia11/03/2015

Chinese hypermarket operator Sun Art Retail Group says a move into lower-tier cities is bearing dividends. The group, a joint venture between French retailer Groupe Auchan SA and Taiwan’s Ruentex Group, says its profit rose 4.8 per cent last calendar year. Sun Art, already China’s largest hypermarket operator despite intense competition from Tesco, Carrefour and […]

Tag: Sun Art

Alibaba takes control of Sun Art hypermarkets

Alibaba to thank New Retail for Its record sales

Another Alibaba major step in China retail

Alibaba, Auchan, Sun Art partnership goal in China market

Sun Art looks to fresh Fields

Lower tier boost for Sun Art