Exclusive | Alibaba to sell department store Intime to focus on core e-commerce, sources say
Alibaba Group Holding is expected to sell its department store chain Intime Retail (Group) to Chinese apparel company Youngor Fashion as China’s e-commerce giant walks away from offline retailing, according to people familiar with the matter. The two sides are expected to announce the deal this week, said one source, who declined to be named. … Read more
