Alibaba’s Been Cramming in the Deals Over the Holiday Season
(Bloomberg) — While many consumers load up on goods in the holidays, Alibaba Group Holding Ltd. has been busy selling assets, even if it means taking a loss.
The Chinese tech firm kicked off 2025 by announcing the sale of its more than 70% stake in hypermarket chain Sun Art Retail Group Ltd. at a big discount to its $3 billion value. A couple of weeks earlier, it agreed to sell department store business Intime Retail Group Co. at a loss of $1.3 billion.
