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Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion

By Yahoo! Finance   |   5 days ago
Alibaba to Sell Sun Art to Buyout Firm DCP for $1.6 Billion

Alibaba Group sold its shares in Sun Art Retail Group to DCP Capital for $1.6 billion, focusing on its online business. The move reflects Alibaba's shift from physical retail to core online commerce under new leadership.

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