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

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

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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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 ...