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 said in December it would sell Chinese department store Intime Retail (Group) for 7.4 billion yuan (US$1 billion), booking a US$1.3 billion loss and confirming an earlier Post report.

which operates the RT-Mart chain and the Costco-like M-Club membership stores across China, according to a stock exchange filing Wednesday. Dual-listed in New York and Hong Kong, Alibaba said the ...

Alibaba is expected to book a 13-billion yuan (US$1.8 billion) loss attributable ... In December, the company sold its entire stake in department store chain Intime Retail (Group) to Chinese ...

Just last month, Alibaba agreed to sell its Intime department store (銀泰百貨) business to Youngor Fashion Co (雅戈爾) for around US$1 billion, incurring a loss of about 9.3 billion yuan (US$1.3 billion) on ...

Alibaba is expected to book a 13-billion yuan (US$1.8 billion) loss attributable to its shareholders ... In December, the company sold its entire stake in department store chain Intime Retail (Group) ...