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, ...

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, ...

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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 ...

(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 ...

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 ...

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 ...

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 ...