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Alibaba in $3.6 bln deal to buy controlling stake in supermarket operator Sun Art

Oct 19 (Reuters) - Alibaba Group Holdings said on Monday it will invest $3.6 billion to boost its stake in supermarket operator Sun Art Retail Group Ltd.

The deal raises Alibaba’s stake to around 72% in Sun Art. (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Muralikumar Anantharaman)

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