Alibaba Group acquire major stake in hypermart operator Sun Art in $2.87billion deal

Internet giant Alibaba Group Holding Ltd. said on Monday it would invest HK$22.4 billion (an equivalent of $2.87 billion) for a major stake in China’s top hypermart operator, Sun Art Retail Group Ltd., part of a wider push into offline retail. As part of an alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would… Read More Alibaba Group acquire major stake in hypermart operator Sun Art in $2.87billion deal

U.S. cult leader and mass killer Charles Manson dies aged 83

Charles Manson, the wild-eyed cult leader who orchestrated a string of gruesome killings in Southern California by his family of young followers, shattering the peace-and-love ethos of the late 1960s, died on Sunday, prison officials said. He was aged 83. Manson died of natural causes Sunday evening at a Kern County hospital, the California Department… Read More U.S. cult leader and mass killer Charles Manson dies aged 83