Hosted on MSN1mon
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 ...
Nasdaq1mon
Alibaba to sell Intime department store business for $1B, Bloomberg reports
Alibaba (BABA) has agreed to sell its Intime department store business to Youngor Fashion for around $1B, Bloomberg reports. The sale is part of an effort by Alibaba to offload non-core assets ...
Wall Street Journal1mon
Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store
Alibaba 9988-1.48%decrease; red down pointing triangle 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 ...
Electrek5d
Complete list of the Awesomely Weird Alibaba Electric Vehicles of the Week
Alibaba is China’s online shopping behemoth – an online marketplace featuring just about everything under the sun (or under the sea). It has just about everything you can imagine, which of ...
Yahoo Finance20d
Alibaba studio pulls top game from Vivo's app store after similar move by Tencent
Alibaba Group Holding's video gaming unit will withdraw its flagship mobile title from the app store of smartphone maker Vivo, months after Tencent Holdings pulled its mobile game from several ...
Seeking Alpha25d
Alibaba: Shedding Sun Art To Illuminate E-Commerce
Alibaba sold its 73.66% stake in Sun Art to DCP Capital for US$1.6bn, reflecting a shift away from its New Retail strategy. The sale is positive as Sun Art faces a competitive offline retail ...