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2025-01-08 13:57:54 -

RT-Mart turns new page as Alibaba takes a hit with Sun Art exit

One of China’s largest hypermarket chains, Sun Art’s RT-Mart embarks on a new chapter under DCP Capital’s ownership. On January 1, Chinese internet giant Alibaba Group announced through the Hong Kong Stock Exchange its plan to sell its entire 78.7% stake in Sun Art Retail Group, the parent company of hypermarket chain RT-Mart, for up to HKD 12.298 billion (USD 1.6 billion)....

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