Struggling e-commerce giant Alibaba inks $1.7 bn deal to sell stake in Chinese hypermarket

Hangzhou-based Alibaba, a leading player in China's vast e-commerce sector, has faced stiffer competition in recent years as its rivals surge and consumers look to cut costs

Struggling e-commerce giant Alibaba inks $1.7 bn deal to sell stake in Chinese hypermarket
Hangzhou-based Alibaba, a leading player in China's vast e-commerce sector, has faced stiffer competition in recent years as its rivals surge and consumers look to cut costs