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 ...

Alibaba is China’s online shopping behemoth – an online marketplace featuring just about everything under the sun (or under the sea). It has just about everything you can imagine, which of ...

The company went public in Hong Kong in 2007, a first for a mainland China department store ... China, Alibaba told local media Caixin after the announcement. In addition, Intime's online ...

The online marketplace company ... on its core e-commerce and cloud computing businesses. Alibaba purchased the Chinese department store operator in 2017 in around $2.6 billion deal as part ...

In the latest trading session, Alibaba (BABA) closed at $83.69 ... while the tech-heavy Nasdaq lost 0.06%. The the stock of online retailer has fallen by 5.96% in the past month, lagging the ...

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 ...

And for what it's worth, analysts seem to see this reality already. The vast majority of them currently rate Alibaba stock as a strong buy, sporting a consensus price target in the ballpark of $120 ...

Alibaba Group Holding’s video gaming unit will withdraw its flagship mobile title from the app store of smartphone maker Vivo, months after Tencent Holdings pulled its mobile game from several ...