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 ...

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 ...

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 ...

Private equity firm DCP Capital has agreed to acquire Alibaba’s majority stake in Sun Art, which operates the RT-Mart chain and the Costco-like M-Club membership stores across China.

(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 ...

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 ...

Update: The story was updated with Gmarket declining to comment. Alibaba's (NYSE:BABA) AliExpress International and South Korea-based E-Mart's e-commerce platform Gmarket are forming a 50-50 joint ...

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 ...

(Reuters) -Alibaba Group 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 reshuffles its business portfolio to ...