Alibaba Group $BABA Takes Stake in China's Largest Hypermarket Chain

How Alibaba Plans to Take on Wal-Mart in China

Bob O'Donnell, Technalysis Research (domain: technalysisresearch.com) president, and Bloomberg's Selina Wang discuss Alibaba Group Holding Ltd.'s (NYSE: BABA) $2.9 billion deal to buy a slice of China's largest hypermarket chain--Alibaba will buy a stake of over 36% in Sun Art Retail. They speak with Bloomberg's Emily Chang on "Bloomberg Technology," Nov 20, 2017.

Sun Art Retail Group Limited"Sun Art Retail is a leading hypermarket operator in China with 14.6% market share by retail sales value, as of 31 December 2016. Sun Art Retail‘s hypermarket business operates under two recognized banners – “Auchan” (歐尚) and “RT-Mart” (大潤發). "

Domain: sunartretail.com

In commerce, a hypermarket is a superstore combining a supermarket and a department store.

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