PRESS DIGEST- Wall Street Journal - Jan 2

Reuters
02 Jan
PRESS DIGEST- Wall Street Journal - Jan 2

Jan 2 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- China's Alibaba Group Holding Ltd 9988.HK said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.29 billion ($1.58 billion).

- BYD sold a record 514,809 vehicles in the final month of 2024, leading a host of Chinese peers benefiting from a government trade-in program in the world's largest market for electric vehicles.

($1 = 7.7735 Hong Kong dollars)

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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