Alibaba Group announced today that it has agreed to sell its entire stake in Intime Retail to a buyer consortium led by Youngor Group and Karen Foster ArchivesIntime’s management team. According to publicly available information, the Chinese tech giant holds around 99% of Intime’s stock. The sale is valued at around RMB 7.4 billion ($1 billion). Alibaba expects to incur a loss of about RMB 9.3 billion ($1.3 billion) as a result of the sale of Intime.
Intime, a major offline retail chain, became an integral part of Alibaba’s strategy for integrating online and offline commerce following a strategic partnership announcement in June 2015. The company later accepted Alibaba’s share swap offer, which increased the Taobao owner’s stake to 27.9%, making it the largest shareholder in Intime by June 2016.
Alibaba’s Chairman, Joe Tsai, had previously stated that the company has completed $1.7 billion in non-core asset sales in the first nine months of its 2024 fiscal year (April 1 to December 31, 2023).Earlierreports had suggested that Alibaba was also selling its stakes in physical retail operations, including RT-Mart and Freshippo. [Alibaba Group]
Previous：Nightmares of the Credit Regime
Next：Tourist Detraction
The American Way of Death
NBA player Andre Roberson roasted for leaving meager tip
The Stark siblings are struggling in 'Game of Thrones' Season 7
Sorry, your favorite 'Game of Thrones' deaths were actually kind of anticlimactic
Fresh Hell
'Pokémon Go' has totally transformed one year on and you should tap back in
Walmart is rolling out giant vending machines for online pickup orders
Game of Thrones Season 7 could give us an Arya/Nymeria reunion at last
Essential Now, Deportable Later
Cricketer's unique celebration is a thing of bizarre beauty
Social Cyborgs
Kevin Durant welcomed Nick Young to the Warriors with a perfect tweet
Researchers create software that converts non
Researchers create software that converts non
A Conflict of Interest
Here's how much it'd actually cost Daenerys to ship her 'Game of Thrones' army
What 'Redbone' would sound like as a cover song so beautiful you want to cry
Magic Johnson reveals the truth about LaVar Ball that we've suspected all along
The Baffler Welcomes Fiction Editor J. W. McCormack
What to do when you're the victim of revenge porn
19 best 'Hot Ones' episodes to bingeWashington Wizards vs. Phoenix Suns 2025 livestream: Watch NBA onlineBest Valentine's Day gift: The 40Wordle today: The answer and hints for January 25, 2025Private moon spacecraft just took a breathtaking snapshot of EarthPower tool deals: Get a free tool with Home Depot bundlesEU faces legal action from Tesla, BMW over tariffs on ChineseCruz Azul vs. Puebla 2025 livestream: Watch Liga MX onlineOpenAI's Operator saves deleted data months longer than ChatGPTNYT Strands hints, answers for January 26'Presence's Steven Soderbergh and David Koepp on ghosts, horror, and hating winksEagles vs. Commanders 2025 livestream: Watch NFL Conference Championships for freeDeepSeek AI is now on top of Apple's App StoreMilwaukee Bucks vs. LA Clippers 2025 livestream: Watch NBA onlineNYT Connections Sports Edition hints and answers for January 27: Tips to solve Connections #126Shop free romantic comedy book titles during Stuff Your Kindle DayNYT Strands hints, answers for January 28Best Apple Watch deal: Save $70 on Apple Watch Series 10 (42mm)Power tool deals: Get a free tool with Home Depot bundlesBest coffee maker deal: Take $100 off the Keurig K 'League of Legends' unveils two new champions and they are in love Malala Yousafzai will finally receive one of Canada's biggest honors The only Melania in the White House is this photograph Why 'Moonlight' star Mahershala Ali introduced the NCAA Tournament final Netflix to the world: We have ALL the comedy specials 36 baby names that are on the verge extinction Oops, that vibrator with a camera is super easy to hack Soon you'll be able to make payments using WhatsApp in India Sext and dabbing are now officially in the dictionary – no, we're serious Medieval villagers fought off zombies with this easy hack DJ Khaled is taking his social media Stories game to the next level For some odd reason Demi Lovato resurrected Poot, and people are thrilled This little boy reuniting with his doggie best friend will make you ugly cry You should probably think twice about buying Girl Scout cookies on Amazon Parent lovingly embarrasses their teen with a custom Snapchat filter Yahoo + AOL = Oath? It's looking like that Your political views help determine which science books you buy Apple dropping Imagination is a warning to iPhone suppliers everywhere No prizes for guessing why this clip of a girl singing into a well has gone viral Researchers invent the opposite of 'Prisma'... for SCIENCE
2.2673s , 10085.2421875 kb
Copyright © 2025 Powered by 【Karen Foster Archives】,Information Information Network