Women's Wear Daily

Alibaba to Sell Department Store Chain Intime for $1 Billion, Booking $1.3 Billion Loss

Alibaba, the Chinese e-commerce giant, said Tuesday that it will sell its stake in the department store chain Intime to the apparel group Youngor and Intime’s management team for 7.4 billion renminbi, ...
Nasdaq

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, ...
Hosted on MSN

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's ...
Nasdaq

Alibaba Sees $1.3 Bln Loss On Sale Of Intime Store Chain

(RTTNews) - Alibaba Group Holding Limited announced its agreement to sell Intime department store chain in China to textile and apparel company Youngor Group-led consortium in around RMB 7.4 billion ...
Forbes

E-Commerce Giant Alibaba Sells Intime Luxury Store Chain At Big Loss

An Intime Department Store in Hangzhou. Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion) as the company returns it focus to ...
Women's Wear Daily

Taobao Blends Digital Features into First Brick-and-Mortar Store

Taobao, the ultra-popular online mall owned by Chinese conglomerate Alibaba, has opened its first brick-and-mortar retail store. “Taostyle” opened in the Hangzhou Kerry Center mall with an initial ...