After 5 years, Alibaba sells off Sun Art supermarkets and loses €1.9 billion

Featured image of the article After 5 years, Alibaba sells off Sun Art supermarkets and loses €1.9 billion

An article by Morgane Monteiro and Sophie Baqué

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Publication

9 January 2025 à 11h22

Updated on 24 July 2025 à 10h34

Reading time

3 minutes

Publication: 9 January 2025 à 11h22, Updated on 24 July 2025 à 10h34

Reading time: 3 minutes

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.

An article by Morgane Monteiro and Sophie Baqué

Add mind Retail to your sources

Publication

9 January 2025 à 11h22

Updated on 24 July 2025 à 10h34

Reading time

3 minutes

Publication: 9 January 2025 à 11h22, Updated on 24 July 2025 à 10h34

Reading time: 3 minutes

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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. The business is selling 73.7% of Sun Art Retail Group (sales of €9.53 billion in the fiscal year ending March 2024, of which 29% online).

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Article authors

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

Featured image of the article Sophie Baqué

Sophie Baqué Chief Editor of mind Retail

Featured image of the article Sophie Baqué

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