07:25 AM EST, 12/16/2024 (MT Newswires) -- Alibaba Group Holding ( BABA ) is nearing an agreement to sell its department store business Intime to Youngor Fashion for roughly $1 billion, Bloomberg reported Monday, citing unnamed sources familiar with the plan.

Discussions are ongoing and talks could continue or fall apart, the report added, citing the sources.

Neither Alibaba ( BABA ) nor Youngor Fashion immediately responded to MT Newswires' requests for comment.

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