Alibaba Group has announced it will sell its Chinese department store chain, Intime, in a deal worth $1.02b (7.4b yuan), Reuters reported. The sale will result in a $1.3b loss as Alibaba shifts ...

Dec 17 (Reuters) - Alibaba Group (9988.HK), opens new tab said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant ...

Shares in Chinese e-commerce giant Alibaba fell Monday in Hong Kong as a deal to provide AI technology to iPhones sold in ...

Alibaba (NYSE:BABA) to sell its stake in department store chain Intime to a consortium of buyers including Youngor Fashion for approximately $1 billion, making a large loss on the sale.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ...

Alibaba is well suited to handle the new trade war, even with its AliExpress segment likely to experience weakness in the U.S. market. International e-commerce accounts for just 13% of Alibaba's ...

Alibaba Group Holding is expected to sell its department store chain Intime Retail (Group) to Chinese apparel company Youngor Fashion as China's e-commerce giant walks away from offline retailing ...

(MENAFN- Investor Brand Network) Alibaba Group Holding Ltd. (NYSE: BABA) has sold off its Chinese department store chain Intime and the transaction is set to cost the conglomerate $1.3 billion in ...

Singapore — Chinese e-commerce giant Alibaba's Taobao shopping app topped the Apple App Store charts in Singapore after releasing an English version on Tuesday — thanks to translations powered ...

STORY: Alibaba is selling its Intime department store chain - and booking a $1.3 billion loss to do so. The Chinese giant bought the company for twice that amount back in 2017. At the time it ...

Alibaba's Hong Kong shares (HK: 9988) fell 1.5% after it announced the Intime deal on Tuesday. Alibaba to sell department store Intime, to record $1.3 bln loss on sale View all comments (0) 0 ...