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Alibaba to divest retail store chain Intime for $1bn
Chinese online marketplace Alibaba Group has decided to divest its department store subsidiary, Intime, in a transaction resulting in a substantial loss of $1.3bn. The move is part of the company ...
Jack Ma tours Alibaba’s Freshippo supermarket in central China after Xianyu visit
The Alibaba founder was spotted visiting one of the company’s grocery stores just days after visiting its Hangzhou campus.
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Alibaba to Sell Department Store Chain Intime for $1 Billion, Booking $1.3 Billion Loss
The company went public in Hong Kong in 2007, a first for a mainland China department store ... China, Alibaba told local media Caixin after the announcement. In addition, Intime's online ...
Yahoo Finance24d
Alibaba (BABA) Ascends While Market Falls: Some Facts to Note
Alibaba (BABA) closed the most recent trading ... Coming into today, shares of the online retailer had gained 4.8% in the past month. In that same time, the Retail-Wholesale sector gained 2. ...