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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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Reliance Retail’s revenue grows 18% to cross Rs 3 lakh crore in FY24

During the financial year 2023-24, the total footfall at Reliance Retail stores was at 1,063 million (around 106.3 crore)...
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