南华早报
09:59 · Dec 17, 2024 · Tue
Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail
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Alibaba to lose US$1.3 billion on Intime sale in retreat fro…
By Ann Cao Alibaba Group Holding is taking a 9.3 billion yuan (US$1.3 billion) loss in its sale of Intime, one of China’s leading department store operators, as the e-commerce giant walks away from offline retailing to focus on its core businesses. The company…
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