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

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.

Building e-commerce from scratch in Uzbekistan meant changing the consumer habits of an entire country and facing numerous ...

Alibaba is selling its department store chain, Intime, at a $1.3 billion loss due to increased competition in China's ecommerce market. The sale is part of Alibaba's strategy to streamline operations ...

Reuters is an international news organisation owned by Thomson Reuters Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

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, 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 ...

Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime's management for 7.4 billion yuan ($1.02 ...

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 ...

China's Alibaba said Tuesday that it had agreed to sell department store chain Intime at a $1.3 billion loss, as the tech giant trims down its operations with competition intensifying in the country's ...

[Photo/Xinhua] Chinese mainland tech heavyweight Alibaba Group Holding Ltd said on Tuesday it will sell its department store chain Intime to textile and apparel company Youngor for 7.4 billion ...