Alibaba Group announced today that it has agreed to sell its entire stake in Intime Retail to a buyer consortium led by Youngor Group and The Whore of the Rings (2001)Intime’s management team. According to publicly available information, the Chinese tech giant holds around 99% of Intime’s stock. The sale is valued at around RMB 7.4 billion ($1 billion). Alibaba expects to incur a loss of about RMB 9.3 billion ($1.3 billion) as a result of the sale of Intime.
Intime, a major offline retail chain, became an integral part of Alibaba’s strategy for integrating online and offline commerce following a strategic partnership announcement in June 2015. The company later accepted Alibaba’s share swap offer, which increased the Taobao owner’s stake to 27.9%, making it the largest shareholder in Intime by June 2016.
Alibaba’s Chairman, Joe Tsai, had previously stated that the company has completed $1.7 billion in non-core asset sales in the first nine months of its 2024 fiscal year (April 1 to December 31, 2023).Earlierreports had suggested that Alibaba was also selling its stakes in physical retail operations, including RT-Mart and Freshippo. [Alibaba Group]
NYT Connections hints and answers for May 18: Tips to solve 'Connections' #707.
Apple gave Uber the keys to your iPhone screen, and it was all super shady
U.S. faces threat from yet another potential hurricane
Whitewashing backlash shuts down Australian production of Lin
Best headphones deal: Save up to 51% on Beats at Amazon
Google's new Pixelbook is a $1000 Chromebook you'll actually want
Most people worry robots will replace human jobs, just not their own
John Kelly reportedly used a compromised phone for months
A worthless juicer and a Gipper-branded server
'Brain pills' marketed to gamers embody the worst things about video game culture
Put Me In, Coach!
NYCC cosplayers look spooky with iPhone 8 Plus Portrait Lighting
Facebook is spending $1 billion for a building that basically no one will work in
Cam Newton just took sexism to the next level and female sports reporters aren't having it
Inside the Murky Process of Getting Games on Steam
The new Sonos One smart speaker gives Alexa some serious audio chops
'Stranger Things: The Game' is just as adorably retro as the show
Theresa May used a Florence + The Machine song and they were not happy
Best speaker deal: Save $30 on the JBL Clip 5
Snapchat is coming to the Google Pixelbook. Wait, what?
Tag Heuer has a Super Mario15 of the most brutal J.K. Rowling Twitter shutdowns of 2017Resident Evil flounders on Netflix in a halfWatch Beyoncé and JayBillionaire Richard Branson heads to space aboard Virgin Galactic's SpaceShipTwoHow to download YouTube videos on your iPhoneTesla releases long'Black Widow' combines box office and Disney+ for a wild $215 million opening'The Office' co'The Mysterious Benedict Society' is a charming adaptation of a childhood favoriteCNN used the phrase 'a dog's breakfast.' Here's what it means.Electric Dodge muscle car and Jeep SUV coming by 2025The endless year of Trump captured in one chartLebron James gets his daughter some candy during a gameTesla releases longWatch Beyoncé and JayThis man's 32OnePlus Nord 2 to be fully revealed on July 22Enormous mural of erect penis briefly pops up in New York17 huge moments that defined the royal family in 2017 What is OnlyFans? Porn searches for "grope" are up bigly since Trump took office 'Shang A small replica of Jeff Bezos’ penis This woman's stunned reaction to seeing Beyoncé has become a glorious meme How to use iPhone's Bedtime mode Samantha Bee's choose your own adventure game for Trump's State of the Union is perfect Airbnb is providing temporary housing to 20,000 Afghan refugees Donald Trump says he's not a feminist to the surprise of absolutely no one People are tweeting the creepiest things they've heard kids say and it's a full Strava Heatmap shows that fitness trackers represent a privacy threat Trump's State of the Union slogan was used before... by Hillary Clinton State of the Union: A selection of the grumpiest faces in the audience Cardi B offered up her kidney to Bruno Mars after he won big at the 2018 Grammys 'What If...?' showed us a universe where Mark Ruffalo got a Hulk movie Visa purchases $150,000 NFT Chill emu has a swim alongside unsuspecting tourists This 'Blue Planet II' vessel is now on Airbnb and you can actually go under the sea Trump liked a tweet about his 'great friend' being accused of sexual misconduct 10 best people to follow if you want to learn how to paint
3.0974s , 8183.90625 kb
Copyright © 2025 Powered by 【The Whore of the Rings (2001)】,Creation Information Network