Alibaba Bets $2.9 Billion it can take on Wal-Mart in China November 21, 2017 Unipro2013main Business Alibaba takes on Wal-Mart in China Alibaba Group Holding Ltd.’s $2.9 billion deal to buy a slice of China’s largest hypermart chain pits it against Wal-Mart Stores Inc. in the world’s largest retail arena. Please support our Sponsors here :