NEWS: Hema and Sun Art Retail will be sold to China Resources Vanguard?

Today, it was reported that Hema would be sold to CR Vanguard. The reason why Alibaba sold Hema was that Hema had been losing money all the time. Both parties had "signed the agreement". In addition, Sun Art Retail would also rush to sell it.

In this regard, people close to Hema and Sun Art Retail said to reporters that the news "looks unreliable". From the perspective of business conditions, both Hema and Sun Art Retail are better than CR Vanguard.