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Livestream marketplace Whatnot says it hit $3B+ worth of goods sold through its app last year and viewers spend 80+ minutes per day on average on the app (Ann Gehan/The Information)

Ann Gehan / The Information : Livestream marketplace Whatnot says it hit $3B+ worth of goods sold through its app last year and viewers s...

1 January 2025

Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business (Bloomberg)

Bloomberg:
Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business  —  - Sun Art had attracted interest from other private equity firms … China's e-commerce pioneer said it could receive gross proceeds …

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