Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail
The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.
Spreetail Puts Partners First with New Profit-Sharing Shareback Program
Spreetail, the leading ecommerce marketplace accelerator for brands and manufacturers of oversized products, today announced ...
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Sale of Intime department stores in China gives Alibaba $1.3bn hit
Chinese online marketplace company Alibaba Group Holding Limited said on Tuesday that the sale of a department store chain ...
U.S. Auto Industry At Risk Asserts Blunt Report From Exec Conference
The auto industry is at risk from an assortment of technical, political and philosophic challenges, asserts a "white paper" ...
Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store Intime — Update
Alibaba Group is set to book an over $1 billion loss on the sale of its department-store chain Intime, which marks the Chinese tech giant's latest move away from offline retailing.