Chinese retail giant Alibaba Group is proceeding with the sale of its hypermart Sun Art Retail Group, valued at $1.6 billion, to DCP Capital, a private equity firm based in Beijing. To facilitate this transaction, Alibaba has enlisted the expertise of Fangda Partners and Slaughter and May. On the other side, DCP Capital’s representation is being handled by Sullivan & Cromwell and JunHe.
For more information on this deal, please visit the original article on Law.com International.