Sunday 18 October 2020

Alibaba Acquires Majority Stake in Chinese Supermarket Chain Sun Art

The Alibaba Group said it will invest $3.6 billion to boost its stake in hypermarket operator Sun Art Retail Group, gaining further ground in China's retail market. Alibaba, which already owned 21 percent of Sun Art through a unit, will raise its stake to around 72 percent through the acquisition of a similar stake in A-RT Retail Holdings, who owns 51 percent of Sun A...

from Gadgets 360 https://ift.tt/3dHUQEf

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A Pendulous Overcoat for a Swing State

By Jacob Gallagher from NYT Style https://ift.tt/zmGwFR5