Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion).($1 = 7.2841 Chinese yuan renminbi)

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Alibaba to sell mall chain for $1 billion as part of latest overhaul

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24.com

South Africa

Business brief | Tongaat inks terms for an SA asset sale; Alibaba sells department stores at a loss

Chinese mainland tech heavyweight Alibaba Group Holding Ltd said on Tuesday it will sell its department store chain Intime to textile and apparel company Youngor for 7.4 billion yuan ($1.02 billion).

Ecns

Central Committee of the Chinese Communist Party

China

Alibaba to sell department store chain Intime to Youngor for $1b

(Reuters) –     Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion). ($1 = 7.2841 Chinese yuan renminbi)  (Reporting by roushni Nair and Rishav Chatterjee in Bengaluru; Editing by Vijay Kishore)

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Midwest Communications

Alibaba Group said on Tuesday it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operation. The sale marks a further acceleration of Alibaba’s restructuring after the group split into six business units last year in its biggest-ever revamp and announced a series of top management reshuffles afterwards. The company…

ARY News

Pakistan

Alibaba to sell China department store chain Intime

Alibaba Group has agreed to sell its Intime department store business to Youngor Fashion Co. for about $1 billion as it divests from non-core assets.

Die Alibaba Group hat zugestimmt, ihr Intime-Kaufhausgeschäft für rund eine Milliarde Dollar an Youngor Fashion Co. zu verkaufen, um sich von nicht zum Kerngeschäft gehörenden Vermögenswerten zu trennen.

Alibaba könnte trotz Verlusten zu einem Gewinner werden

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Saint-Paul Luxembourg

Luxembourg City

Luxembourg

Alibaba could become a winner despite losses

ALBAWABA – Alibaba, the Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology, announced selling Intime Department Store, a chain of department stores with stores in Beijing, Zhejiang, Hubei, Sichuan, Shaanxi, and Anhui, for $1 billion...

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Amman

Amman Governorate

Jordan

Alibaba sells Intime stores for $1B

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Techmeme

California

United States

Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss

Alibaba Group Holding Ltd. has agreed to sell its Intime retail business to Youngor Fashion Co. for about $1 billion, in a move aimed at shedding non-core assets. The deal, worth 7.4 billion yuan, was announced Tuesday, confirming an earlier report by Bloomberg News. The deal will cost the Chinese e-commerce company a 9.3 billion yuan ($1.3 billion) loss on its initial investment in Intime, which was part of its 2017 bet on integrating e-commerc…

وافقت مجموعة "علي بابا غروب هولدينغ" على بيع أعمالها في متاجر "إنتايم" إلى شركة "يونغور فاشون مقابل نحو مليار دولار، في خطوة تهدف إلى التخلص من الأصول غير الأساسية. 
	تبلغ قيمة الصفقة 7.4 مليار يوان، وأُعلن عنها اليوم الثلاثاء لتؤكد بذلك تقريراً سابقاً نشرته "بلومبرغ نيوز". وستؤدي هذه الصفقة إلى تكبد شركة التجارة الإلكترونية الصينية خسارة قدرها 9.3 مليار يوان (1.3 مليار دولار) على استثمارها الأولي في "إنتايم"، الذي كان جزءاً من رهانها في عام 201…

"علي بابا" مهددة بخسارة 1.3 مليار دولار من صفقة بيع "إنتايم"

صحيفة الاقتصادية

Alibaba at risk of losing $1.3 billion from Intime sale

(Reuters) –     Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion). ($1 = 7.2841 Chinese yuan renminbi)   (Reporting by roushni Nair and Rishav Chatterjee in Bengaluru; Editing by Vijay Kishore)  The post Alibaba to sell mall chain for $1 billion as part of latest overhaul appeared first on Blue Water Healthy Livi…

Alibaba to sell mall chain for $1 billion as part of latest overhaul

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