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Alibaba acquires controlling stake in Sun Art

Alibaba Group Holding Limited announced it will invest approximately US$ 3.6 billion in respect of Sun Art Retail Group Limited, a leading hypermarket and supermarket operator in China, that will raise its aggregate direct and indirect stake to approximately...

Alibaba Group, Auchan Retail and Ruentex form new retail strategic alliance

Alibaba Group Holding Limited, Auchan Retail and Ruentex Group has announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China’s food retail sector. As part of this strategic alliance, Alibaba Group...
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PhonePe users can now make UPI payments in UAE via Neopay Terminals

Neopay Terminals is available across a wide array of retail stores, dining outlets, as well as tourist and leisure...
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