Alibaba Group Holding Ltd (BABA.N)
22 Nov 2017
* Alibaba Cloud becomes presenting partner of FIFA Club World Cup until 2022 Source text for Eikon: Further company coverage:
PARIS, Nov 21 A partnership between French retailer Auchan and internet giant Alibaba risks pushing Carrefour further behind in China and could persuade its new boss to sell out of the country.
(This story corrects title of Weiwen Han in paragraph 9 from analyst to managing partner for Greater China.) | Video
PARIS, Nov 20 French retailer Auchan said on Monday it had not been approached by E-commerce giant Amazon about deals or partnerships in Europe, with speculation still rife that Amazon may be eyeing European transactions.
Nov 20 Auchan Retail CEO Wilhelm Hubner tells a conference call with journalists that:
HONG KONG (Reuters Breakingviews) - Alibaba's deal suggests grocery stores are queuing up to check out. The e-commerce goliath agreed to buy 36 percent of Chinese supermarket operator Sun Art Retail for $2.9 billion. To land the stake at a massive discount implies brick-and-mortar store owners see the writing on the wall.
* Says part of a wider effort to integrate data and physical stores
HONG KONG, Nov 20 Internet giant Alibaba Group Holding Ltd said it would buy an aggregate direct and indirect stake of 36.16 percent stake in China's top hypermarket operator, Sun Art Retail Group Ltd, for a total HK$22.4 billion ($2.9 billion).
* ALIBABA GROUP, AUCHAN RETAIL AND RUENTEX FORM NEW RETAIL STRATEGIC ALLIANCE
SHANGHAI Allianz plans to boost real estate investment in China, announcing on Friday the launch of a $750 million fund that targets malls in major cities such as Shanghai and Beijing.