Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

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The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.

STORY: Alibaba is selling its Intime department store chain - and booking a $1.3 billion loss to do so. The Chinese giant ...

Also featuring reporting on an elaborate con on a Chinese dissident, an academic credentials scandal, and trekking with ...

China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech giant trims down its operations with competition intensifying in the country's ...

Alibaba intends to sell Intime to a consortium comprising Youngor Fashion and members of Intime's management team. The deal, ...

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