ABU DHABI/WAM Under the patronage of President His Highness Sheikh Mohamed bin Zayed Al Nahyan, ...
Read More »Alibaba buys a third of discount Chinese grocery chain
Bloomberg Alibaba Group Holding Ltd. will spend more than 2 billion yuan ($290 million) buying about a third of Sanjiang Shopping Club Co., picking up a slice of a regional Chinese discount supermarket chain with more than a million members. Shares of Sanjiang surged by its daily 10 percent limit on Monday, giving the Ningbo-based company a market value ...
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