The company later accepted Alibaba’s share swap offer, which increased the Taobao owner’s stake to 27.9%, making it the largest shareholder in Intime by June 2016. Alibaba’s Chairman, Joe Tsai, had ...
Alibaba is expected to book a 13-billion yuan (US$1.8 billion) loss attributable to its shareholders when sale is completed. Alibaba owns the South China Morning Post. This marks Alibaba's second ...