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852 Alibaba to Sell Department Store Business in China

The Information
Juro Osawa @ The Information · 12/16/2024 08:26 EDT

China’s Alibaba Group is selling Intime, a major domestic department store chain it acquired seven years ago, as the e-commerce giant pulls back from brick-and-mortar retail operations, the South China Morning Post reported. Alibaba’s deal to sell Intime to Chinese apparel firm ...

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