UPDATE 1-Alibaba to buy 36.2 pct Sun Art for $2.9 bln
November 19, 2017 at 20:41 PM EST
HONG KONG, Nov 20 (Reuters) - Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd, for a total HK$22.4 billion ($2.9 billion).
