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

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

Source: TechMeme
Source Link: http://www.techmeme.com/241217/p8#a241217p8