Friday, October 23, 2020

Alibaba is investing $3.6B in Sun Art Retail Group, which operates 484 hypermarkets across China, to double its effective stake in the company to 72% (Yujing Liu/South China Morning Post)

Yujing Liu / South China Morning Post:
Alibaba is investing $3.6B in Sun Art Retail Group, which operates 484 hypermarkets across China, to double its effective stake in the company to 72%  —  Alibaba will double its effective stake in Hong Kong-listed Sun Art Retail Group with a deal with Mulliez family's Auchan Holding Deal …



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Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., boosted by Galaxy S25 and legacy DRAM sales (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg : Samsung reports Q1 revenue up ~10% YoY to ~$53.4B and operating profit flat YoY at ~$4.5B, above ~$3.8B est., bo...