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 renminbi, ...

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, ...

An Intime Department Store in Hangzhou. Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion) as the company returns it focus to ...

In 2017, “new retail” began appearing in Alibaba’s earnings reports. Coined by the Chinese e-commerce behemoth, the term “new retail” refers to the seamless integration of online and offline retail.

Taobao, the ultra-popular online mall owned by Chinese conglomerate Alibaba, has opened its first brick-and-mortar retail store. “Taostyle” opened in the Hangzhou Kerry Center mall with an initial ...