Alibaba Nears First Big Deal Since Record Antitrust Fine bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
French grocery retailer Auchan Retail is considering selling its stake in hypermarket chain RT-Mart in Taiwan, marking the last step of its exit from Asia.
2021/05/25 21:00 A shopper with large ticket goods is seen during the opening of an Auchan general store, on Black Friday, Nov 29, 2019, in Englos, northern France. A shopper with large ticket goods is seen during the opening of an Auchan general store, on Black Friday, Nov 29, 2019, in Englos, northern France. (AP photo) TAIPEI (Taiwan News) Auchan Retail is weighing whether to sell its stake in a hypermarket chain in Taiwan and exit the Asia market, per Bloomberg. Auchan Retail, the largest shareholder of RT-Mart in Taiwan, is seeking to sell its stake in the chain, according to a source. The sale would mark a complete withdrawal of Auchan from Asia.
After $260-billion slide, Alibaba aims to show the worst is over bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Alibaba has agreed to a record $2.8 billion penalty from Beijing and vowed to change certain practices deemed anti-competitive, including a requirement that merchant sell exclusively on its platforms or not at all. Executives also thanked regulators and pledged to support merchants all in a bid to put the regulator troubles behind it.
On Monday, Alibaba held its annual staff and family event at its sprawling Hangzhou campus, where kids played in ball pits and drew doodles while the company’s animal mascots posed for photos with employees in cosplay outfits. Chief Executive Officer Daniel Zhang hosted a wedding ceremony for dozens of young couples, according to a corporate video. “No matter when you have good times or challenges, let’s have passion and love, and make our lives and work better,” he told them. Ma was spotted in a blue t-shirt at the festivities, according to photos online, making a rare appearance following a period of enforced hibernation during the worst