Alibaba goes offline with $2.9 billion stake in China's top grocer

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

Alibaba goes offline with $2.9 billion stake in China's top grocer
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