Chinese online marketplace Alibaba Group has decided to divest its department store subsidiary, Intime, in a transaction ...

Alibaba will offload Intime to Youngor, the Ningbo-based fashion group, and members of the Intime management team.

Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion), which ...

Alibaba Group Holding is taking a 9.3 billion yuan (US$1.3 billion) loss in its sale of Intime, one of China's leading ...

Alibaba shifts focus away from New Retail, selling Intime and facing challenges in the Chinese market. See here to know why ...

Alibaba, the Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology, announced ...

ALIBABA Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising textiles firm ...

China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech ...

The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying ...

Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

Alibaba intends to sell Intime to a consortium comprising Youngor Fashion and members of Intime's management team. The deal, ...

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 ...