Alibaba goes offline with $2.9 billion stake in China's top grocer

BEIJING (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK$22.4 billion ($2.87 billion) for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd , part of a wider push into offline retail.

from Reuters: Business News http://ift.tt/2mGl5UR