Alibaba subsidiary Taobao China Holding Limited (Taobao) has agreed to buy an aggregate direct and indirect 36.2% stake in Sun Art Retail Group (Sun Art) for ~U$2.9bn. Taobao may also make a mandatory unconditional cash offer for the remaining shares it does not own. Details of the stake purchases below: Taobao purchased a direct 26% […]
Day: 26 November 2017
Readings For The Week (26/11)
This week’s readings / links include Kerr Neilson on the rise of Asia, a conversation with Chamath Palihapitiya, lessons from successful corporate turnarounds, Michael Dobbs-Higginson on his life of adventure and Lee Jong-Hwa on income inequality in Asia. The rise of Asia: Kerr Neilson’s latest journal entry. Interview with Chamath Palihapitiya: The founder and CEO […]