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). "
In commerce, a hypermarket is a superstore combining a supermarket and a department store.
Jack Ma's Recipe For Entrepreneurial Success #Jumpstarter2017 https://t.co/PW8vXjriXh pic.twitter.com/YMTZk34UMg— Alibaba Group (@AlibabaGroup) November 21, 2017
Working with #JackMa, we've brought 24 Africa-based entrepreneurs to the #eFoundersInitiative. It's the first step under a commitment the @AlibabaGroup founder and @UNCTAD adviser made to empower 1,000 entrepreneurs in developing countries. Read more: https://t.co/zos8wEwu1m pic.twitter.com/zplrdG2T3W— UNCTAD (@UNCTAD) November 22, 2017
.@alibaba_cloud Named ‘Presenting Partner’ for FIFA @ClubWorldCups: https://t.co/x7fATgMcG9 pic.twitter.com/QJ6ubjZGDn— Alibaba Group (@AlibabaGroup) November 22, 2017