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Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail

The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.

Chatty NewsChatty News
Dec 17, 2024 - 01:30
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Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail
The deal for the department store chain is valued at 7.4 billion yuan, less than half of what Alibaba sank into it.
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