TechCrunchAlibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail pushTechCrunchAlibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2 ...Alibaba Bets $2.9 Billion It Can Take on Wal-Mart in ChinaBloombergAlibaba goes offline with $2.9 billion stake in China's top grocerCNBCAlibaba takes $2.9bn stake in China supermarket operatorFinancial TimesBBC News -Fox Business -Nasdaq -South China Morning Postall 50 news articles »