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New Retail Briefing: Alibaba Invests in Hypermarket Chain Sun Art and Luxury E-Commerce Platform Farfetch

Coresight Research

What's Inside

This report is part of a monthly series in which we discuss developments in China under the banner of “New Retail.” We offer insights into recent news, with a focus on digitalization and strategic collaborations.

This month, highlights include Alibaba’s investment to increase its stake in domestic hypermarket Sun Art Retail to become the controlling shareholder and’s partnership with Kuaishou to host a 200-hour livestreaming session for Singles’ Day from November 1 to 9.

We also explore Alibaba’s plans with Richemont to each invest $300 million in luxury fashion retail platform Farfetch.

The appendix details the last 12 months of New Retail developments in China.

Click here to read the previous report in the New Retail Briefing series, which discusses Alibaba’s investment planned investment in travel retailer Dufry to capture sales from China’s growing domestic duty-free market.

Click here to view Coresight Research’s ongoing coverage of the coronavirus outbreak.


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