Alibaba Group is selling its department store arm Intime to textiles and clothing conglomerate Youngor Fashion Co for 7.4 ...

Alibaba’s (BABA) shares have fallen more than double digits since reaching their 52-week highs in early October, following a ...

The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.

Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion), which ...

The Chinese company is ditching the department-store chain Intime as it goes all-in on e-commerce and cloud computing.

Alibaba intends to sell Intime to a consortium comprising Youngor Fashion and members of Intime's management team. The deal, ...

The sale comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid intensifying ...

Alibaba's stock could see a rebound in 2025 with China’s stimulus plans. See why BABA stock is a strong buy, driven by Cloud ...