Alibaba's Beijing Headquarters.Fangda, Slaughter and May Lead as Alibaba Sells Hypermart for $1.6B
Sullivan & Cromwell and JunHe are acting for private equity firm DCP Capital on its acquisition.
January 02, 2025 at 10:56 AM
2 minute read
Fangda Partners and Slaughter and May are advising Alibaba Group on the $1.6 billion sale of Chinese hypermart Sun Art Retail Group to Beijing private equity firm DCP Capital.
The buyer is represented by Sullivan & Cromwell's Hong Kong managing partner Kay Ian Ng and Beijing-based JunHe partner, Joe Chen.
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