Alibaba to Record $1.3 Billion Loss in Sale of Intime Stores

Bloomberg12-17 13:19

Chinese tech company agrees to sell Intime to Youngor FashionAlibaba has pivoted toward consolidating its core businessesAlibaba Group Holding Ltd. has agreed to sell its Intime department store ...

Source Link
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Lio23
    12-17 14:11
    Lio23
    Small loss for a company like BABA. Trim off the fats and focus on the important race. Good move
  • UTOtrader
    12-17 13:47
    UTOtrader
    Trending down
Leave a comment
2
1