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, ...
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 ...
WDAF-TV

EviDenS de Beauté Unveils First Counter in China at Hangzhou Intime Department Store

HANGZHOU, China, Sept. 29, 2023 /PRNewswire/ -- EviDenS de Beauté, a renowned anti-aging luxury skincare brand specially formulated for sensitive skin, celebrated a historic milestone as it ...
Wall Street Journal

Alibaba Expects to Book $1.28 Billion Loss on Sale of Department Store

Alibaba 99881.04%increase; green up 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 move ...
TechNode

Alibaba reportedly selling Intime Department, once its great hope for the transformation of offline retail

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox. Every Wednesday and Friday, TechNode’s Briefing ...
Morningstar

Alibaba Expects $1.28 Billion Loss on Sale of Department Store Intime

Alibaba Group is selling department-store chain Intime, in the Chinese tech giant's latest move shifting away from offline retailing. The company said Tuesday that it and a minority shareholder have ...