Sun Art Retail is a leading hypermarket operator in China.
Location: China, Shanghai
Total raised: $2.9B
Investors 1
| Date | Name | Website |
| - | General At... | generalatl... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 20.11.2017 | - | $2.9B | - |
Mentions in press and media 13
| Date | Title | Description |
| 21.08.2026 | Alibaba Exits Gaming, Bets Big on AI and Cloud | Alibaba finalized the sale of its gaming division, Lingxi Games, to Trustar Capital. The deal exceeded $2 billion. This major divestment signals Alibaba's sharpened strategic focus. The tech giant reallocates capital toward its core Artific... |
| 19.08.2026 | Китайская Alibaba продает разработчика видеоигр Lingxi Games более чем за $2 млрд | Китайский технологический гигант Alibaba Group намерен продать разработчика видеоигр Lingxi Games частной инвестиционной компании Trustar Capital более чем за $2 млрд. Сделка станет частью стратегии Alibaba по продаже непрофильных активов и... |
| 17.08.2026 | Alibaba продала игровое подразделение за $1,5 млрд | Alibaba продала игровое подразделение за $1,5 млрд Китайская технологическая корпорация Alibaba договорилась о продаже подразделения по разработке видеоигр Lingxi Games гонконгскому инвестфонду Trustar Capital. Об этом написали Bloomberg и ... |
| 23.03.2026 | Alibaba's AI Rebirth: Workforce Shrinks, Wukong Rises | Alibaba pivots sharply to AI. The company cut 34% of its workforce, divesting retail units. It launched Wukong, a new agentic AI tool for enterprises, integrating with major platforms. This aggressive shift aims for full-stack AI dominance.... |
| 20.03.2026 | Alibaba workforce shrinks 34% in 2025 as Chinese tech giant doubles down on AI | Alibaba ended December last year with 128,197 employees, down from 194,320 from a year earlier. Its workforce fell sharply after it sold its offline retail businesses in Sun Art and Intime. Alibaba is pushing deeper into AI with Wukong and ... |
| 19.10.2024 | Supermarket chain RT-Mart gets buyout offer, paves way for Alibaba exit | Alibaba Group Holding Ltd.’s Sun Art Retail Group, the operator of supermarket chain RT-Mart, received a privatisation offer from a potential buyer, marking a significant step in Alibaba’s efforts to divest its offline retail assets. |
| 24.05.2021 | Alibaba leads $400m investment in Vietnam e-grocery play, with Korea’s SK injecting $410m | A consortium co-led by Alibaba and Hong Kong’s Baring Private Equity Asia has agreed to invest $400 million into TheCrownX, the consumer retail arm of Vietnamese conglomerate Masan Group. The transaction will give the Alibaba-led consortium... |
| 24.05.2021 | Alibaba leads $400m investment in Vietnam e-grocery play following Korea’s SK $410m injection | A consortium co-led by Alibaba and Hong Kong’s Baring Private Equity Asia has agreed to invest $400 million into TheCrownX, the consumer retail arm of Vietnamese conglomerate Masan Group. The transaction will give the Alibaba-led consortium... |
| 23.10.2020 | Alibaba pays $3.6bn to acquire hypermarket chain in tech-driven ‘new retail’ push | Alibaba has announced it will pay $3.6 billion to acquire a majority stake in Sun Art Retail Group – one of China’s largest operators of supermarkets and hypermarkets. The Hangzhou-based tech giant initially invested in Sun Art back in 2017... |
| 19.10.2020 | Alibaba invests USD 3.6 billion to take control of retailer Sun Art | Chinese e-commerce giant Alibaba (NYSE: BABA) will spend approximately USD 3.6 billion for a controlling stake of brick-and-mortar retailer Sun Art Retail Group (HKEX: 6808), the company said on Monday. Alibaba already held a 36.16% stake i... |
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