XAutoplay: On | OffSun Art Retail operates 446 "hypermarket complexes" in 224 cities across 29 provinces, regions and municipalities in China, under the RT-Mart and Auchan banners.
"Alibaba is excited to join with our new partners to redefine traditional retail through digital transformation", CEO Daniel Zhang said in a statement.
The deal for Whole Foods marked a big point for entry by Amazon into the physical brick and mortar retail, but the move by Alibaba into offline started several years ago and this in the biggest part of the strategy.
After the deal Alibaba and the French retailer Auchan will hold 36.18 per cent and 36.16 per cent of Sun Art respectively and Ruentex will have 4.67 per cent.
Wilhelm Hubner, chief executive of Auchan Retail, said the alliance will allow them to serve a "fully integrated" in-store and online shopping experience to hundreds of millions of Chinese consumers. Notably, offline retail now constitutes 85% of total retail sales in China despite the enormous growth of e-commerce over the last few years.
But, while Amazon has been tight lipped about the extent to which it's Amazon Go shopping centers will integrate into the Amazon e-commerce ecosystem, and what role they play in the context of Whole Foods, Alibaba is promoting its Hema outlets as fulfillment centers for online orders. The Chinese e-commerce giant said that the partnership will speed up its efforts to merge online and offline shopping into an "omnichannel" consumer experience, leveraging its own assets, ecosystem and technology.
Alibaba is now the world's largest e-commerce company.
Shares of Hong Kong-listed Sun Art, which were suspended on November 13, resumed on Monday and were down 5.3 percent in morning trade, while the benchmark index .HSI was flat.
Sun Art is China's hypermarket store leader with about 8.2 percent of the market, the data from Kantar Worldpanel showed.
Alibaba acquired a stake of 35% of InTime the department store operator in 2014, and took a 20% share of Suning the retail giant in 2015 for $4.6 billion but in 2017 is when it picked up pace. As they may be considered "acting in concert", the group may be required to make an offer for the remainder of Sun Art shares, the listed company said in its filing.
In January, Alibaba bought the remainder of InTime and took the business private, while during May it bought a share of Lianhua the supermarket brand.
The 23-year-old Spaniard said: "I think more than proving to anybody else, it's proving to myself that I belong here". Rose needed to finish at least solo fourth, but the ensuing birdie only gave him a tied fourth place at 17-under par .
Colbert then showed the image, which shows Tweeden asleep on the cargo plane and Franken putting his hands on her breasts. Since then, numerous women have accused Moore of misconduct and assault, mostly when they were teenagers.
The Pacific Tsunami Warning Centre has now issued a warning for people in the surrounding areas, including Australia. The quake was centered 82 kilometer northeast of Tadine on Mare Island, which has more than 5,600 inhabitants.
In September, Staley told The Associated Press that the school had been left out in the dark on an invitation. Other teams, such as the University of North Carolina men's basketball team, also declined their invitation.
Looking into next week's forecast, on Thanksgiving the high will be 54 with mostly sunny skies, according to forecasters. Temperatures stay pretty seasonal, for the most part, the upcoming work week with daily sunshine.
In September, Ford helped direct traffic in New York City after a crash caused major traffic jams near the Midtown Tunnel. Together, they were able to help get the woman out of the auto as they waited for paramedics to arrive.
Dimitrov becomes the first debutant to win the ATP Finals in nearly 20 years. "This has always been, again, a dream of mine". Goffin recovered from a set down to stun favourite Roger Federer on Saturday night, but he was second best in Sunday's final.
Attorney General Jeff Sessions traveled to El Salvador in July on a mission to work with that country's government against MS-13. While the vast majority of those youths are not criminals, Kolb said, they are a fertile recruiting base for gangs like MS-13.
While the Arab foreign ministers deliberated in Cairo, Iran's growing power across the region was on display in Syria. After French intervention, Hariri flew to France and met French President Emmanuel Macron in Paris on Saturday.
And Mr Gandhi has been the face of the Congress campaign in various state-level polls, including in the ongoing Gujarat elections. According to the CWC schedule, the process of filing nominations will begin on December 1 and end on December 4, 2017.
Matt Moore nearly led Miami to another comeback win after entering the game at halftime with the Dolphins trailing 20-7. NOTES: Among Tampa Bay's seven inactives were QB Jameis Winston , CB Vernon Hargreaves III and DE William Gholston.
Hice: One step closer to tax reform, relief
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GOP Congressman Calls for Ban on Elephant Hunts
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AC/DC co-founder Malcolm Young dead at 64
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West Bromwich Albion v Chelsea
Pulis' cause has not been helped as Nacer Chadli has been ruled out with a hip injury, while James Morrison requires surgery on an Achilles problem.
Apple delays HomePod release until 2018
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