Hangzhou Haoyue to acquire a 20% stake in Suning.com from Taobao China Software for $389m.

Synopsis

Hangzhou Haoyue, an Alibaba affiliate, agreed to acquire a 20% stake in Suning.com, a retailer, from Taobao China Software, an online shopping platform, for $389m. The valuation of the Suning stake is far smaller than the $4.6bn the Chinese e-commerce giant paid for it in 2015, representing a roughly 90% loss.

Principals

target

Suning.com Co

bidder

Alibaba Group Holding

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Market Context

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Seller Team (1)

jindong zhang

Chairman at SUNING.COM CO LTD

Manager

target

Deals

£ 4.65 B

Total Value

Vendor Team (1)

eddie wu

CEO at TAOBAO CHINA HOLDING LIMITED

Manager

vendor

Deal

£ 308 M

Total Value

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