The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.
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 e-commerce company says Intime will be sold to a consortium of purchasers comprising Youngor Group and Intime’s ...
China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech ...
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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 ...