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Sun Art Retail Group Limited (SURRY)

2.2000

+0.3000

+(15.79%)

At close: January 21 at 9:42:26 AM EST

Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift

Alibaba's Retail Shakeup: Sun Art Stake Sold to DCP Capital

GuruFocus.com 18 days ago

BABA

SURRY
+15.79%
Alibaba set on growth path after divesting bricks-and-mortar retailing assets: analysts

Alibaba Group Holding surprised investors a few years ago when the e-commerce giant's employee headcount surged to 252,084 at the end of December 2020, more than double its 122,399 total in the previous quarter. The nearly 130,000 increase in staff primarily came from consolidating the operations of Sun Art Retail Group, China's largest hypermarket operator, which Alibaba took control of in a US$3.6 billion deal in October that year. The enlarged payroll size signified the price Alibaba was will

South China Morning Post 19 days ago

BABA

SURRY
+15.79%
Alibaba’s Been Cramming in the Deals Over the Holiday Season

(Bloomberg) -- While many consumers load up on goods in the holidays, Alibaba Group Holding Ltd. has been busy selling assets, even if it means taking a loss. Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?Don’t Shrink the BusCan States Hit the Brakes on Runaway Roadbuilding?The Chinese tech firm kicked off 2025 by announcing the sale of its more tha

Bloomberg 19 days ago

BABA

SURRY
+15.79%
Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn

Alibaba will use funds from the sale to improve shareholder value, and on general corporate functions.

Retail Insight Network 20 days ago

BABA

SURRY
+15.79%
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount

(Bloomberg) -- Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus on its core online business.Most Read from BloombergNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeCan American Drivers Learn to Love Roundabouts?Don’t Shrink the BusDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’NYC Congestion Pricing Takes Effect After Year

Bloomberg 20 days ago

BABA

SURRY
+15.79%
China's Alibaba to sell Sun Art stake to DCP for $1.6 billion

China's Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong Stock Exchange. Alibaba paid $3.6 billion for a controlling stake in Sun Art in 2020 in the hope of further leveraging its digital presence to support Sun Art's hundreds of hypermarkets in China.

Reuters 20 days ago

BABA

SURRY
+15.79%
^HSI
Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

Alibaba Group Holding agreed to sell its entire stake in Sun Art Retail Group, China's largest hypermarket operator, for HK$13.1 billion (US$1.7 billion), as the e-commerce giant scales back its bricks-and-mortar presence. The deal between Alibaba and Chinese private-equity firm DCP Capital was reached on the last day of 2024, involving the disposal of the Hangzhou-based company's interest in Sun Art at HK$1.75 per share, according to a New Year's Day filing to the Hong Kong stock exchange. Alib

South China Morning Post 21 days ago

BABA

SURRY
+15.79%
Sun Art Retail Group (SEHK:6808) Eyes Profitability with 93.95% Growth and Cost Efficiency Focus

Sun Art Retail Group is on a promising path towards profitability, driven by an impressive forecasted annual profit growth rate of 93.95%, which outpaces the average market growth. The company has recently improved its financial performance, achieving a gross profit margin of 24.6% and enhancing its operational efficiency through strategic cost reductions. However, challenges remain, such as a -5.06% return on equity and a slower revenue growth rate compared to the Hong Kong market. In the...

Simply Wall St. last month

SURRF

SURRY
+15.79%
Sun Art Retail Group Ltd (SURRY) (Q1 2025) Earnings Call Highlights: A Turnaround to ...

Sun Art Retail Group Ltd (SURRY) reports a profitable first half of 2025, driven by store expansion and online sales growth, despite facing margin pressures and competitive retail dynamics.

GuruFocus.com 2 months ago

SURRY
+15.79%
Alibaba's Sun Art Faces Uncertainty as Trading Suspension Fuels Divestment Rumors: Report

Alibaba Group Holding (NYSE:BABA) owned Sun Art Retail Group’s suspension of trading signaled speculation of Alibaba’s divestment of stake in the hypermarket operator, SCMP reports. In October 2020, Alibaba purchased a controlling stake in Sun Art from France’s Mulliez family for 28 billion Hong Kong dollars ($3.6 billion). SCMP cited Bloomberg as saying the hypermarket operator drew preliminary offers from private equity firms like DCP Capital and Hillhouse Investment. Also Read: Taiwan Semicon

Benzinga 3 months ago

BABA

SURRY
+15.79%
Alibaba's Sun Art suspends Hong Kong trading, sparking divestment speculation

China's largest hypermarket operator has suspended the trading of its Hong Kong-listed stock since Friday pending an announcement on mergers and acquisitions, fanning speculation that Alibaba Group Holding may divest its controlling shares. Alibaba took control of Sun Art Retail Group from the Mulliez, a wealthy French family, for HK$28 billion (US$3.6 billion) in October 2020, as the e-commerce giant sought to synergise online shopping and offline hypermarkets under a "new retail" model. Sun Ar

South China Morning Post 3 months ago

BABA

SURRY
+15.79%

Performance Overview

Return	SURRY	HANG SENG INDEX
YTD	-34.52%	-1.31%
1-Year	+70.88%	+29.20%
3-Year	-41.23%	-20.78%

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Sun Art Retail Group Limited (SURRY)

Alibaba Sells $1.6 Billion Stake in Sun Art Amid Strategic Shift

Alibaba set on growth path after divesting bricks-and-mortar retailing assets: analysts

Alibaba’s Been Cramming in the Deals Over the Holiday Season

Alibaba to sell majority stake in Sun Art hypermarkets for $1.58bn

Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount

China's Alibaba to sell Sun Art stake to DCP for $1.6 billion

Alibaba sells hypermarket operator Sun Art for US$1.7 billion to refocus on e-commerce

Sun Art Retail Group (SEHK:6808) Eyes Profitability with 93.95% Growth and Cost Efficiency Focus

Sun Art Retail Group Ltd (SURRY) (Q1 2025) Earnings Call Highlights: A Turnaround to ...

Alibaba's Sun Art Faces Uncertainty as Trading Suspension Fuels Divestment Rumors: Report

Alibaba's Sun Art suspends Hong Kong trading, sparking divestment speculation

Performance Overview