Alibaba to buy 36.2 percent Sun Art for $2.9 billion
November 19, 2017 at 21:03 PM EST
HONG KONG (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd , for a total HK$22.4 billion ($2.9 billion).
