Alibaba deal pits rivals in retail

Facing Wal-Mart in China the plan

Posted: November 26, 2017 at 2:17 a.m.

Auchan hypermarkets, like the one shown here in Shanghai, are operated by Sun Art Retail Group Ltd. and offer items ranging from groceries to electronics.

Alibaba Group Holding Ltd.'s $2.9 billion deal to buy a slice of China's largest hypermart chain pits it against Wal-Mart Stores Inc. in the world's largest retail arena.

This story is only available from our archives.