About This Deal
Alibaba Group Holding Ltd acquired Kaiyuan Commerce Co., Ltd. for RMB3.36 billion, a transaction completed in April 2018, structured as all cash, RMB3,362 million.
Kaiyuan Commerce Co., Ltd. operates in New Retail / department stores, is based in China (northwest). Kaiyuan is a leading department-store operator in northwestern China. Alibaba acquired a 100% equity interest in April 2018 for RMB3,362 million as part of its New Retail expansion into offline department stores.
Broaden offline retail coverage under the New Retail strategy.
Deal Terms
Acquirer
Alibaba Group Holding Ltd
Target
Kaiyuan Commerce Co., Ltd.
Value
RMB3.36 billion
Date
April 2018
Type
Full acquisition (100%)
Status
Ready
Transaction Details
Target HQ
China (northwest)
Segment
New Retail / department stores
Structure
All cash, RMB3,362 million
Closed
April 1, 2018
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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