Alibaba to sell China department store chain Intime for $1.3 billion loss
Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the ...
Alibaba to sell intime department stores for $1 billion amid restructuring
The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud ...
Nikkei, Hang Seng struggle as Asia-Pacific markets trade mixed ahead of Fed decision
Asia-Pacific markets displayed a mixed performance on Tuesday as investors took cues from Wall Street's overnight results and ...
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China wants to dominate in AI — and some of its models are already beating their U.S. rivals
China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology ...
Alibaba to Record $1.3 Billion Loss in Sale of Intime Stores
Alibaba Group Holding Ltd. has agreed to sell its Intime department store business to Youngor Fashion Co. for around $1 billion in a move to offload non-core assets.