Sun Art Retail, The weapons behind Ali's new retail gamble
Alibaba helps Sun Art Retail's three core strategies for Sun Art Retail in 2018: digital transformation of stores, multi-format and multi-channel development, and redefinition of hypermarkets. The data on the earnings report itself is unremarkable. In 2017, Sun Art achieved a turnover of 102.32 billion, an increase of 1.9%. Gross profit was 24.674 billion, up 2.9%. Net profit attributable to shareholders was 2.793 billion, an increase of 8.63%.