Shares of Sun Art have climbed 28% this year, giving the company a market value of about US$2.2 billion ($2.82 billion).
Alibaba Group Holding’s majority stake in Chinese hypermarket chain Sun Art Retail Group is attracting preliminary interest from private equity firms, according to people familiar with the matter.
Potential suitors including DCP Capital and Hillhouse Investment have been considering buying part or all of the Chinese technology company’s roughly 79% holding in Sun Art, the people said, asking not to be identified because the matter is private.
