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Alibaba to divest retail store chain Intime for $1bn
Chinese online marketplace Alibaba Group has decided to divest its department store subsidiary, Intime, in a transaction resulting in a substantial loss of $1.3bn. The move is part of the company ...
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Alibaba to Sell Department Store Chain Intime for $1 Billion, Booking $1.3 Billion Loss
Alibaba, the Chinese e-commerce giant, said Tuesday that it will sell its stake in the department store chain Intime to the apparel group Youngor and Intime's management team for 7.4 billion ...
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Alibaba to sell Intime department store business for $1B, Bloomberg reports
Alibaba (BABA) has agreed to sell its Intime department store business to Youngor Fashion for around $1B, Bloomberg reports. The sale is part of an effort by Alibaba to offload non-core assets ...
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Alibaba Sees $1.3 Bln Loss On Sale Of Intime Store Chain
(RTTNews) - Alibaba Group Holding Limited announced its agreement to sell Intime department store chain in China to textile and apparel company Youngor Group-led consortium in around RMB 7.4 ...
Business Insider7y
Look inside Alibaba's smart warehouse where robots do 70% of work
Take a look inside Alibaba's smart warehouse where robots do 70% of the work. They can carry up to 500 kilograms above them around the warehouse floor. They have special sensors to avoid colliding ...