restructure

Exclusive | Alibaba to sell department store Intime to focus on core e-commerce, sources say

by
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

Ant Group to hold new round of dividend payments to shareholders amid AI, overseas push

by
Ant Group to hold new round of dividend payments to shareholders amid AI, overseas push

Ant Group, the fintech affiliate of Alibaba Group Holding, will kick off a new round of dividend payments to all eligible shareholders and employees who hold equity incentives, according to reports this week by several state-owned Chinese media. The company’s new dividend distribution plan, which was approved during a recently convened shareholders meeting, was “formulated … Read more