China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech ...

Trucks shuttle back and forth in a container terminal in Wuzhou, South China's Guangxi Zhuang Autonomous Region on June 26, ...

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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 ...

The e-commerce company says Intime will be sold to a consortium of purchasers comprising Youngor Group and Intime’s ...

Alibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ...

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(Reuters) – Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss ...

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