Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail
- Posted on December 17, 2024
- By South China Morning Post
- 1 Views
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.
