Alibaba, Suning Rumored To Be Eyeing Deal To Acquire RT-Mart

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Alibaba Group Holding Ltd., Suning Commerce Group and Tencent Holdings Ltd. are rumored to be interested in acquiring RT-Mart International Ltd., a Taipei-headquartered hypermarket chain that operates 409 hypermarket complexes across 28 provinces in China via a joint venture.

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.