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Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss (Bloomberg) from Techmeme RSS feed.
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss (Bloomberg)
Bloomberg:
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss — - Chinese tech company agrees to sell Intime to Youngor Fashion — Alibaba has pivoted toward consolidating its core businesses