In 15 days, there were two rounds of "selling assets"! Alibaba is slimming down to stop the bleeding.

It is estimated that in the business with SUNART RETAIL, Alibaba incurred losses of up to 37.262 billion HKD. In addition, the loss recorded from the low stock price sale of Intime Department Store on December 17 was approximately 9.3 billion RMB. Together, these two capital operations resulted in Alibaba incurring losses of up to 44.3 billion RMB.

Sina TechnologyJan 3 10:31

So sudden! What happened with the well-known Hong Kong stocks in a collective turmoil?

In today's morning session, the Hong Kong stock market suddenly experienced a significant decline, with all three major Indexes dropping by more than 2%.

Brokerage ChinaJan 2 12:20

U.S. Stock Market Outlook: Bullish sentiment soars! Goldman Sachs sets S&P 6100 as target; Heavyweight real estate conference to be held tomorrow, fangdd network surges more than 30% pre-market, ke holdings rises over 3%.

Tesla's Robotaxi vision has been hindered by US laws! Cybercab may become a niche product; what does this signal? New York Fed: Consumers are expected to have the highest probability of defaulting on debt in four years; Invest in China rather than India! Latest survey by Bank of America: Global fund managers are actively entering the Chinese stock market.

Futu NewsOct 16, 2024 20:33

Alibaba's progress in selling equity in sunart retail: receiving tender offer letter, no agreements or trades have been reached yet.

1. Previously, there were market rumors that Sunart Retail had sparked private equity interest, with potential buyers including Dehong Capital, Hillhouse Capital, and Ruentex Group. However, Hillhouse Capital and Sunart Retail have not commented on this. 2. The decline of traditional chain supermarkets has become a common trend. In addition to personnel adjustments, Darunfa is also adjusting its business formats, investing in the opening of large and medium-sized supermarkets and the expansion of membership stores this year.

cls.cnOct 16, 2024 13:58

Alibaba's Q1 revenue is 243.24 billion, emphasizing commercialization capabilities. Wu Yongming: Most businesses will break even within 1-2 years. | Live coverage of earnings conference

During the reporting period, Taotian Group contributed ¥113.373 billion, a decrease of 1.37% compared to the same period last year. Taotian Group's revenue has declined. 2) The number of paying users on Alibaba Cloud's AI platform Bailian grew by more than 200% compared to the previous quarter, and AI has driven Alibaba Cloud's growth. 3) The quarterly operating performance of SunArt Retail, Hema, Ali Health, and Lingxi Interactive Entertainment have also improved.

cls.cnAug 16, 2024 07:44

Losses and store closures have become a challenge for the retail industry! The industry needs more businesses like "Pandonglai" to transform.

According to Cailian Star Mining data, there are 10 listed supermarkets in A shares, including Better Life Commercial Chain Share, *ST Renle, and Yonghui Superstores, with a total loss of 3.305 billion yuan. Retail supermarkets are caught in a wave of store closures, and many companies are attempting to embrace the "Pinduoduo" model. To survive the cycle, retail supermarkets must have lower costs and absolute control over the supply chain.

cls.cnJun 5, 2024 11:24