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Tag: Chinas
Alibaba to Sell China’s Sun Art to Buyout Firm at Big Discount
(Bloomberg) — Alibaba Group Holding Ltd. agreed to sell its shares in Sun Art Retail Group Ltd. to private equity firm DCP Capital, unloading another high-profile physical commerce asset at a discount to focus on its core online business.
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China’s e-commerce pioneer expects gross proceeds of up to HK$12.3 billion ($1.6 billion) from selling its more than 70% holding in the chain of Costco-like hypermart stores. That’s significantly less than the $3.6 billion Alibaba paid just to double its stake in Sun Art in 2020, and falls far short of Sun Art’s 2024 market value of about $3 billion. The Chinese retailer’s shares sank as much as 35% in early Hong Kong trading, while Alibaba slid more than 1%.
The sale accelerates Alibaba’s retreat from physical retail, a major investment initiative spearheaded years ago by previous CEO Daniel Zhang.
The company is now integrating its domestic and international ecommerce operations under the leadership of fast-rising executive Jiang Fan, while steadily selling off holdings it doesn’t consider essential. That last is considered critical enough that Alibaba is willing to swallow significant losses on its past bets, even as it raises capital to invest in areas such as AI and the cloud.
What Bloomberg Intelligence Says
Alibaba will incur about $3 billion of losses from the disposal of non-core retail assets including Sun Art, we calculate. The sale of the grocer at a 0.6x price-to-net asset valuation trails market value estimates by 30% and lags JD.com’s 3.5x multiple when it sold Yonghui Superstores last year. Alibaba’s sale proceeds are linked to Sun Art’s profits through 2028 and may therefore be pressured by Meituan’s strategic tie-up with Walmart in China.
– Catherine Lim and Trini Tan, analysts
Click here for the research.
Once a dominant player across Chinese commerce, intensifying competition from PDD Holdings Inc. and ByteDance Ltd. have forced Alibaba back to its roots as an online commerce platform.
Under new chief Eddie Wu, Alibaba is focusing investment on areas it considers more promising, from the cloud to online marketplaces. It’s also ramping up abroad, for instance by creating a joint venture to speed up a Korean expansion.
Just last month, Alibaba agreed to sell its Intime department store business to Youngor Fashion Co. for around $1 billion, incurring a loss of about 9.3 billion yuan ($1.3 billion) on its initial investment. Alibaba faces a loss of about $3 billion overall on its physical retail deals so far, Bloomberg Intelligence estimates.
Alibaba, the Chinese e-commerce giant, has announced that it will be selling its stake in China’s Sun Art Retail Group to a buyout firm at a significant discount. This move comes as Alibaba looks to streamline its operations and focus on its core e-commerce business.Sun Art Retail Group is one of China’s largest hypermarket operators, with a strong presence in the country’s retail sector. Alibaba acquired a 36% stake in the company in 2017, in a bid to strengthen its foothold in the offline retail market.
However, Alibaba has now decided to divest its stake in Sun Art Retail Group, selling it to a buyout firm at a discount of around 20% from its current market value. This move is seen as a strategic decision by Alibaba to reallocate its resources and focus on its core e-commerce business, which has seen tremendous growth in recent years.
The sale of Sun Art Retail Group is expected to be finalized in the coming months, with Alibaba set to make a significant profit from the transaction. This move is likely to have a positive impact on Alibaba’s financial performance and will allow the company to further invest in its e-commerce operations.
Overall, this sale is a strategic move by Alibaba to streamline its operations and focus on its core business, while also maximizing its profits from its investment in Sun Art Retail Group. It will be interesting to see how this decision plays out in the coming months and what impact it will have on Alibaba’s overall business strategy.
Tags:
Alibaba, Sun Art, Buyout Firm, China, Discount, Acquisition, Retail Industry, E-commerce, Investment, Business News
#Alibaba #Sell #Chinas #Sun #Art #Buyout #Firm #Big #Discount
Asia stocks drop amid thin trading, China’s slower manufacturing expansion weighs By Investing.com
Investing.com– Asian stocks were largely subdued on Tuesday tracking overnight losses on Wall Street amid thin trading volumes at year-end, while investors assessed the Chinese manufacturing activity data.
Trading volumes were thin with most major indexes shut for the year-end holiday. Stock markets in Japan, South Korea, and Thailand were closed on the last trading day of the year, while Hong Kong, Philippines, Australia, and New Zealand will see a shortened trading session for the day.
U.S. stock index futures were slightly lower in Asian trade on Tuesday, after Wall Street fell sharply with tech stocks dipping amid profit-taking on Monday.
Chinese stocks fall as manufacturing activity expands at a slower pace
China’s and indexes fell 0.4% each, on Tuesday.
In contrast, Hong Kong’s index was 0.7% higher.
China’s expanded for a third straight month in December as a raft of fresh stimulus measures continued to provide support, purchasing managers index data showed on Tuesday. data showed on Tuesday.
However, the rise was slightly lower than market expectations and below the previous month’s reading. This sparked concerns about the long-term industrial health of the world’s second-largest economy, which has been suffering from an economic slowdown and a beleaguered property sector.
Markets are holding out for more clarity on Beijing’s plans for stimulus measures in the coming year. Recent reports suggested that the country will ramp up fiscal spending to support economic growth.
In Australia, China’s largest trading partner, the index fell 0.9%.
India’s were 0.2% lower on Tuesday, while Singapore’s was largely unchanged.
Malaysia’s index inched 0.1% lower.
South Korean political crisis deepens
South Korean markets were closed on Tuesday. The index has recorded four consecutive declines since Monday.
A South Korean court approved an arrest warrant on Tuesday for President Yoon Suk Yeol, who has been impeached and suspended from office following his December 3 decision to impose martial law, according to investigative authorities.
The Corruption Investigation Office for High-ranking Officials (CIO) stated that the Seoul Western District Court granted the warrant sought by investigators probing Yoon’s brief imposition of martial law.
Asia stocks dropped on Monday as thin trading volumes and concerns over China’s slower manufacturing expansion weighed on investor sentiment.China’s official manufacturing Purchasing Managers’ Index (PMI) fell to 50 in October, the lowest level since February 2020. This was below analysts’ expectations of a reading of 50.6, indicating a slowdown in the country’s economic recovery.
The news weighed on Asian stocks, with Japan’s Nikkei 225 down 1.2%, Hong Kong’s Hang Seng Index falling 1.5%, and South Korea’s KOSPI dropping 0.8%.
Investors are also closely watching the ongoing supply chain disruptions and rising inflationary pressures, which could further dampen economic growth in the region.
Despite these challenges, some analysts remain optimistic about the long-term outlook for Asian stocks, citing strong corporate earnings and government stimulus measures as potential drivers of future growth.
However, in the short term, the uncertainty surrounding China’s economic growth and the global supply chain issues are likely to continue to weigh on investor sentiment in the region.
Tags:
- Asia stocks
- stock market
- trading
- China
- manufacturing
- expansion
- investing
- economy
- global markets
- financial news.
#Asia #stocks #drop #thin #trading #Chinas #slower #manufacturing #expansion #weighs #Investing.com
Continuity and Change in China’s Rural Development: Collective and Reform…
Continuity and Change in China’s Rural Development: Collective and Reform…
Price : 9.63
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China’s rural development has been marked by a complex interplay of continuity and change over the past few decades. The transition from collective farming to a more market-oriented system has brought about significant shifts in the country’s rural landscape, with implications for both economic growth and social stability.The collective farming system, which was established under Mao Zedong’s leadership in the 1950s, aimed to collectivize land and resources in order to increase agricultural productivity and promote social equality. While this system did lead to some improvements in rural living standards, it also stifled individual initiative and created inefficiencies in production.
In the late 1970s, China began to experiment with economic reforms that allowed farmers to lease land from the collective and sell their produce on the open market. This shift towards a more market-oriented system has brought about significant changes in the rural economy, leading to increased productivity, higher incomes, and improved living standards for many rural residents.
However, the transition from collective farming to a more market-oriented system has also brought about challenges and disparities. For example, while some farmers have been able to capitalize on market opportunities and increase their wealth, others have struggled to adapt to the new system and have been left behind.
Overall, the story of China’s rural development is one of continuity and change. While the country has made significant progress in improving rural living standards and boosting agricultural productivity, there are still many challenges that need to be addressed in order to ensure that all rural residents can benefit from the country’s economic growth. By balancing continuity with reform, China can continue to build a more prosperous and inclusive rural society.
#Continuity #Change #Chinas #Rural #Development #Collective #Reform.., Business Continuity
Zero Day: China’s Cyber Wars (Logan Alexander)
Price: $15.95
(as of Dec 16,2024 00:05:40 UTC – Details)
Publisher : First Coast Publishers, LLC (February 1, 2017)
Language : English
Paperback : 346 pages
ISBN-10 : 0988440067
ISBN-13 : 978-0988440067
Item Weight : 15.5 ounces
Dimensions : 5.5 x 0.77 x 8.5 inchesCustomers say
Customers find the book engaging and believable. They appreciate the suspenseful storyline that keeps them guessing. The book is described as a great read for everyone.
AI-generated from the text of customer reviews
Zero Day: China’s Cyber WarsIn his latest book, cybersecurity expert Logan Alexander delves into the murky world of China’s cyber warfare capabilities. With the rise of China as a global superpower, its government has increasingly turned to cyber attacks as a means of advancing its strategic interests.
Zero Day explores the tactics, techniques, and tools that China’s state-sponsored hackers use to infiltrate foreign networks, steal valuable intellectual property, and disrupt critical infrastructure. From sophisticated spear-phishing campaigns to advanced persistent threats, Alexander provides a comprehensive analysis of the evolving threat landscape posed by China’s cyber operations.
Through in-depth research and interviews with industry insiders, Zero Day sheds light on the motivations behind China’s cyber aggression and the potential impact on international security. This timely and insightful book is a must-read for anyone concerned about the growing threat of cyber warfare in the digital age.
Pick up a copy of Zero Day: China’s Cyber Wars today and stay informed about the evolving landscape of cybersecurity and national defense.
#Day #Chinas #Cyber #Wars #Logan #Alexander
THE ELECTRIC VEHICLE WAR: THE RISE OF CHINA’S EV EMPIRE: DISRUPTING THE AUTOMOTIVE WORLD ORDER
Price: $8.98
(as of Dec 15,2024 13:49:50 UTC – Details)
ASIN : B0D4735Z8P
Publisher : Independently published (May 14, 2024)
Language : English
Paperback : 134 pages
ISBN-13 : 979-8325611094
Item Weight : 9.1 ounces
Dimensions : 6 x 0.31 x 9 inches
With the increasing demand for electric vehicles (EVs) worldwide, China has emerged as a dominant player in the EV market, challenging the traditional automotive world order established by Western countries. As the world’s largest EV market, China has been investing heavily in the development of EV technology and infrastructure, aiming to become a global leader in the industry.Chinese EV manufacturers such as BYD, NIO, and Xpeng have been gaining traction in the market, offering competitive electric vehicles with innovative features and cutting-edge technology. These companies have been able to rapidly expand their market share both domestically and internationally, posing a threat to established automakers like Tesla, BMW, and Volkswagen.
China’s government support and subsidies for EVs have also contributed to the rapid growth of the country’s EV industry, making it a formidable force in the global automotive market. With ambitious targets to electrify its transportation sector and reduce carbon emissions, China is set to lead the charge in the transition to electric vehicles.
As China’s EV empire continues to rise, it is clear that the traditional automotive world order is being disrupted. With Chinese companies driving innovation and setting new standards in the industry, the electric vehicle war is heating up, and the future of the automotive market is being reshaped by China’s dominance in the EV sector.
#ELECTRIC #VEHICLE #WAR #RISE #CHINAS #EMPIRE #DISRUPTING #AUTOMOTIVE #WORLD #ORDER
Innovating in a Learning Community: Emergence of an Open Information Infrastructure in China’s Pharmaceutical Distribution Industry (SpringerBriefs in Digital Spaces)
Price:$54.99– $28.58
(as of Nov 27,2024 10:27:26 UTC – Details)
Publisher : Springer; 2014th edition (March 25, 2014)
Language : English
Paperback : 75 pages
ISBN-10 : 3319050974
ISBN-13 : 978-3319050973
Item Weight : 4.3 ounces
Dimensions : 6.1 x 0.18 x 9.25 inches
Innovating in a Learning Community: Emergence of an Open Information Infrastructure in China’s Pharmaceutical Distribution Industry (SpringerBriefs in Digital Spaces)The pharmaceutical distribution industry in China is undergoing a transformative shift towards open information infrastructure, leading to increased transparency and efficiency in the supply chain. This evolution is explored in-depth in the new book “Innovating in a Learning Community: Emergence of an Open Information Infrastructure in China’s Pharmaceutical Distribution Industry” published by SpringerBriefs in Digital Spaces.
The book delves into how technological advancements and collaborative efforts within the industry have paved the way for a more interconnected and data-driven ecosystem. By embracing digital transformation and fostering a culture of continuous learning, stakeholders in the pharmaceutical distribution sector are able to adapt to changing market dynamics and regulatory requirements.
Readers will gain valuable insights into the challenges and opportunities associated with implementing open information infrastructure in the pharmaceutical distribution industry, as well as the potential benefits for stakeholders such as manufacturers, wholesalers, and retailers. Case studies and real-world examples provide a comprehensive overview of the current landscape and future prospects for innovation in this rapidly evolving sector.
Whether you are a business leader, academic researcher, or industry professional, “Innovating in a Learning Community” offers a timely and informative look at how collaboration and technology are reshaping the pharmaceutical distribution industry in China. Stay ahead of the curve and unlock new possibilities for growth and success in the digital age.
#Innovating #Learning #Community #Emergence #Open #Information #Infrastructure #Chinas #Pharmaceutical #Distribution #Industry #SpringerBriefs #Digital #Spaces
