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

Alibaba Group is set to book an over $1 billion loss on the sale of its department-store chain Intime, which marks the ...

Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...

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

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

Alibaba Group Holding Ltd. is nearing a deal to sell its department store business to Youngor Fashion Co. for around $1 ...

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud ...

The transaction will generate gross proceeds of 7.4 billion yuan ($1 billion) for Alibaba, which holds a 99% stake in Intime.

Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor ...

The committee marks a major milestone after MIIT and other government agencies announced plans for 50 sets of AI standards by ...

Alibaba purchased 2.1% of outstanding shares in a single quarter while also giving a healthy 2.25% dividend yield. Read why I ...

Alibaba’s Fan Luyuan admitted he was ‘out of line’ with controversial remarks that he said during a meeting with employees of ...