M&A Deal Summary

Alibaba Group Acquires Sun Art Retail Group

On October 18, 2020, Alibaba Group acquired retailer Sun Art Retail Group

Acquisition Highlights
  • This is Alibaba Group’s 1st transaction in the Retail sector.
  • This is Alibaba Group’s 9th transaction in China.
Investment Fate
  • Sun Art Retail Group was sold to a consortium of buyers in 2025 for 1.6B USD.

M&A Deal Summary

Date 2020-10-18
Target Sun Art Retail Group
Sector Retail
Buyer(s) Alibaba Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Sun Art Retail Group

Shanghai, China
Sun Art Retail Group is a hypermarket operator and holding company for RT-Mart China and Auchan China. Sun Art Retail Group was founded in 1998 and is based in Wan Chai, China.

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Buyer(S) 1

Buyer

Alibaba Group

Hangzhou, China

Category Company
Founded 1999
Sector E-Commerce
Employees204,891
Revenue 941.2B CNY (2024)
DESCRIPTION

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hangzhou, China.


DEAL STATS #
Overall 15 of 16
Sector: Retail M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
Country: China M&A 9 of 9
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 NetEase - Kaola

Beijing, China

NetEase, Inc. - Kaola is an Import E-Commerce Platform.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-14 WLW

Hamburg, Germany

WLW is an online B2B search engine in the DACH region. WLW offers suppliers a dedicated platform to present themselves and their products or services of professional buyers and found to be fast and efficient. WLW was established in 1995 and is based in Hamburg, Germany.

Buy -