Home » After 5 years, Alibaba sells off Sun Art supermarkets and loses €1.9 billion After 5 years, Alibaba sells off Sun Art supermarkets and loses €1.9 billion Alibaba Group is continuing a withdrawal from physical retail. After Intime department stores, the giant is selling control of Sun Art supermarkets to Chinese private equity firm DCP Capital for €1.6 billion. Through Morgane Monteiro, Sophie Baqué. Published on 10 January 2025 à 15h57 - Update on 24 July 2025 à 10h34 Resources While in China, Walmart joined forces with the Meituan platform in mid-December to boost online sales via 30-minutes delivery, Alibaba Group announced on January 2, the (partial) end of a venture into food retailing.… Morgane Monteiro, Sophie Baqué AlibabaFinancing and expansion Read more Temu leads growth in Q3, far ahead of Alibaba and JD.com [E-commerce Barometer 2024] In fashion and home-electrical goods, e-commerce stabilises at 40% in mature countries Despite better Q2 results than Alibaba, Temu reviews strategy
