Alibaba to sell mall chain for $1 billion as part of latest overhaul-February 2024-www.financetom.com

Alibaba to sell mall chain for $1 billion as part of latest overhaul

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Alibaba to sell mall chain for $1 billion as part of latest overhaul

Dec 16, 2024 8:43 PM

(Reuters) - Alibaba Group ( BABA ) on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion).

($1 = 7.2841 Chinese yuan renminbi)

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