Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Reuters reported in February that Alibaba is looking to divest several consumer sector assets, including Intime, to refocus on its core e-commerce operations. The challenging consumer environment in China has pressured retailers and e-commerce platforms, prompting Alibaba's strategic shift.Alibaba Group Holding Ltd – ADR (NYSE:BABA) announced on Tuesday its decision to sell its Chinese department store chain, "Intime," resulting in a $1.3 billion loss. This move is part of Alibaba's strategy to streamline its operations and concentrate on its primary e-commerce business.
阿里巴巴(临时代码)控股有限公司 – ADR (纽交所:BABA) 周二宣布决定出售其中国百货业股连锁店 "银泰"，导致13亿的损失。这一举动是阿里巴巴为了精简其业务并专注于其主要电子商务业务而采取的策略。
What Happened: The sale is a continuation of Alibaba's restructuring efforts, which began last year when the company was divided into six business units. The retail giant is also integrating its domestic and international e-commerce platforms into a single unit to better compete with rivals like PDD Holdings (NASDAQ:PDD) and ByteDance, according to Reuters.
发生了什么：此次出售是阿里巴巴重组努力的延续，这一工作始于去年，当时公司被划分为六个业务单元。根据路透社的报道，这家零售巨头还将其国内和国际电子商务平台整合为一个单元，以更好地与拼多多（纳斯达克：PDD）和字节跳动等竞争对手竞争。
Alibaba will sell Intime to a consortium led by Youngor Fashion and Intime's management for 7.4 billion yuan ($1.02 billion), pending regulatory approvals. The company acquired Intime in 2017 for $2.6 billion to expand its brick-and-mortar presence.
阿里巴巴将以74亿人民币（合10.2亿美元）将银泰出售给由雅戈尔时尚和银泰管理层领导的财团，待监管批准。该公司于2017年以26亿美元收购银泰，以扩大其实体店业务。
Reuters reported in February that Alibaba is looking to divest several consumer sector assets, including Intime, to refocus on its core e-commerce operations. The challenging consumer environment in China has pressured retailers and e-commerce platforms, prompting Alibaba's strategic shift.
路透社在2月份报道称，阿里巴巴正在寻找剥离多个消费板块资产，包括银泰，以重新聚焦于其核心电子商务业务。中国严峻的消费环境迫使零售商和电子商务平台面临压力，促使阿里巴巴进行战略转变。
Why It Matters: The decision to sell Intime comes amid a broader restructuring within Alibaba. In November, the company announced plans to consolidate its domestic and international e-commerce operations into a single unit, the Alibaba E-commerce Business Group. This new division will be led by Jiang Fan, who has been the CEO of Alibaba International Digital Commerce. This strategic move is aimed at enhancing competitiveness against formidable rivals.
这很重要：出售银泰的决定是在阿里巴巴进行更广泛重组的背景下做出的。今年11月，该公司宣布将其国内和国际电子商务业务整合为一个单元，即阿里巴巴电子商务业务集团。这个新部门将由曾担任阿里巴巴国际数字商务首席执行官的江帆领导。这一战略举措旨在增强与强大竞争对手的竞争力。
In October, Alibaba became a significant holding in the portfolio of Chinese fund manager Zhang Kun, as economic measures increased interest in leading tech stocks. Zhang's fund acquired 40.4 million Hong Kong-listed Alibaba shares, making it the second-largest holding in his portfolio. This indicates a renewed confidence in Alibaba's future prospects.
在10月份，阿里巴巴成为中国基金经理张坤投资组合中的重要持股，经济措施增加了对领先科技股票的兴趣。张的基金购入了4040万股在香港上市的阿里巴巴股票，使其成为他投资组合中第二大持股。这表明市场对阿里巴巴未来前景的信心恢复。
Additionally, in September, Alibaba joined China's Stock Connect program, allowing mainland investors to access its Hong Kong-listed shares. This is expected to significantly boost capital inflows and enhance investor access to the company.
此外，在9月份，阿里巴巴加入了中国股票连接计划，使内地投资者能够访问其在香港上市的股票。这预计将显著推动资本流入并增强投资者对公司的访问。
Price Action: Alibaba stock closed 2.02% lower on Monday at $86.06, as per Benzinga Pro. Meanwhile in Robinhood, Alibaba was trading around 86.24 in the after-hours market at 2:45 AM ET.
价格走势：根据Benzinga Pro的数据显示，阿里巴巴股票在周一收盘时下跌2.02%，收于$86.06。与此同时，在Robinhood平台，阿里巴巴在美东时间凌晨2:45的盘后市场交易价格约为86.24。
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