The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.
The Chinese company is ditching the department-store chain Intime as it goes all-in on e-commerce and cloud computing.
Chinese online marketplace company Alibaba Group Holding Limited said on Tuesday that the sale of a department store chain ...
Alibaba Group announced today that it has agreed to sell its entire stake in Intime Retail to a buyer consortium led by Youngor Group and ...
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Alibaba Group Holding is set to exit its physical retail business after announcing plans to sell its entire stake in Intime ...
Alibaba Group Holding Limited announced its agreement to sell Intime department store chain in China to textile and apparel company ...
Alibaba Group Holding is expected to sell its department store chain Intime Retail (Group) to Chinese apparel company Youngor ...
South Korean e-commerce platform Ably announced that its parent company, Ably Corp., has secured a KRW 100 billion ($71 ...