Alibaba to sell Intime Department Store at a loss of US$1.3 billion
The move is part of Alibaba's strategy under Chief Executive Eddie Wu to streamline operations and focus on core growth areas.
E-commerce giant Alibaba sells Intime luxury chain store at huge loss
Hangzhou Yintai Department Store. CFOTO/Future Publishing via Getty Images Alibaba Group Holding Co. is selling its stake in Chinese department store chain Intime Department Store for 7.4 billion yuan ($1 billion) as
Alibaba reportedly to sell its department store chain Intime Retail
Intime Retail was taken private seven years ago in a deal worth $2.5 billion.
Senior executives from Alibaba, Tencent, Huawei and others join China Artificial Intelligence Committee
AI-related areas covered include evaluation, testing, datasets, LL.M., and application development management.
Alibaba Cloud expands artificial intelligence ecosystem by 2025
Alibaba Cloud works with 12,000 global partners, including Salesforce and IBM.
Alibaba invests over US$70 million in South Korean fashion platform
This investment brings the company’s valuation to US$2.2 billion, making it a unicorn in South Korea’s fashion e-commerce industry.
Jack Ma visits Alibaba campus, first known visit since 2023
His visit is in line with the government's efforts to boost confidence in the private sector amid geopolitical tensions.