From grocery giant to produce pauper: Can Sun Art turn the aisle?
The operator of the formerly popular RT-Mart chain has lost money in two of the last three years, as a big-name private equity investor tries to turn it around Key…
BRIEF: Alibaba, Ant Group to buy prime Hong Kong office for $925 million
E-commerce giant Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and its financial affiliate, Ant Group Co. Ltd., announced they will acquire multiple floors in a prime office building in Hong Kong’s…
BRIEF: Robot developer Yunji Tech to raise $85 million in Hong Kong IPO
AI-powered robotics and service automation firm Beijing Yunji Technology Co. Ltd. (2670.HK) launched its Hong Kong IPO on Wednesday, aiming to raise about HK$660 million ($85 million) by selling 6.9…
BRIEF: Alibaba stock rallies as Ark Invest buys back in
Shares of Alibaba Group Holding Ltd. (9988.HK, BABA.US) have rallied to a nearly four-year high on media reports that Cathie Wood's Ark Invest recently repurchased $16.3 million worth of the…
Huitongda puts its cash to work with investment in struggling supplier
The Alibaba-backed e-commerce company will pay 994 million yuan for 25% of Jin Tong Ling, a maker of industrial equipment now undergoing a court-led restructuring Key Takeaways: Huitongda will pay…
China’s changing tastes buffet western brands as Ant Group faces old headwinds
Burger King withdraws from Hong Kong and Ant Group's purchase of a Hong Kong brokerage is getting extra scrutiny.
Qidian Guofeng tries on ‘AI halo’ in move to boost business
The company, which is developing an online-merge-offline (OMO) new consumption platform, swung to a 2.23 billion yuan loss last year on asset impairments Key Takeaways: Qidian Guofeng has signed a…
