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Alibaba Newsroom
Express News | Alibaba Group - to Sell 100% of Stake in Intime to Consortium of Purchasers Comprising Youngor Group & Members of Intime's Management Team
Express News | Alibaba Group - Alibaba Expects to Record Losses of Approximately RMB9.3 Bln (US$1.3 Bln)1 as a Result of Sale of Intime
In 2024, Hong Kong stocks: The Hang Seng Index reached a new high in nearly four years, and the net Inflow of southbound funds exceeded 700 billion.
① How does the overall trend of the Hong Kong stock market perform in 2024? ② What role does southbound capital play in the Hong Kong stock market in 2024? ③ What is the perspective of Institutions for 2025?
Youngor Group (600177.SH) takes over Intime Department Store. The company responds: aiming to "strengthen and supplement the supply chain" to improve the fashion ecosystem.
In response to taking over Intime Department Store, Youngor Group (600177.SH) stated that this joint investment in Intime with the management team aims to 'strengthen and complement the supply chain' and improve the fashion ecosystem.
Alibaba Stock Rises Marginally In Overnight Trading On Robinhood Despite $1.3 Billion Loss From Sale Of Chinese Retail Chain Intime
Alibaba's Intime Disposal Creates Space for Shareholder Returns -- Market Talk
Alibaba (BABA) Faces $1.3B Hit From Intime Department Store Sale
Alibaba lost 9.3 billion and sold 100% of its shares in Intime, while Youngor Group made another successful investment.
① Alibaba will sell 100% equity of Intime Department Store to a buyer consortium composed of Youngor Group and Intime management team members. ② This year, Youngor Group has strengthened its investment in physical businesses, opening 13 new fashion experience stores offline. ③ Alibaba entered Intime in 2014 and gradually became the largest shareholder; as New Retail progressed to a decline, Alibaba ultimately let go of Intime.
Alibaba to Sell Department Store Intime, to Record $1.3 Bln Loss on Sale
Alibaba to Sell Mall Chain for $1 Billion as Part of Latest Overhaul
Alibaba-W (09988): Plans to sell Silver Tai.
Alibaba-W (09988) announced that the company and another minority Shareholder agreed to transfer 100% equity of Silver Tai to...
[Hong Kong Stock Connect] Alibaba (09988) sells 100% equity of Intime, and is expected to incur a loss of approximately 9.3 billion yuan.
Jinwu Financial News | Alibaba (09988) announced that the company has agreed with another minority Shareholder to sell 100% of Silver's equity to a purchasing consortium composed of members from Youngor Group and Silver's management team. Silver is one of China's leading department store enterprises. Alibaba currently Holds approximately 99% of Silver's equity. The total proceeds from the sale of Silver are expected to be approximately 7.4 billion yuan (1 billion USD). Alibaba anticipates a loss of about 9.3 billion yuan (1.3 billion USD) due to the sale of Silver. The completion of the sale of Silver is subject to China's anti-monopoly review and other customary closing conditions.
Express News | Alibaba Group - Expected Gross Proceeds to Alibaba From Intime Sale Is Approximately RMB7.4 Bln
Express News | Voluntary Announcement- Alibaba Group Sells Intime
Statistics on Capital Trend of Hong Kong Stock Connect (T+2) | December 17
Capital Trend of Hong Kong Stock Connect | December 17
Alibaba Options Spot-On: On December 16th, 189.36K Contracts Were Traded, With 3.13 Million Open Interest
Sector Update: Consumer Stocks Advance Pre-Bell Monday
Alibaba Group Holding Limited (BABA) Is Attracting Investor Attention: Here Is What You Should Know
Here's What To Make Of Alibaba Group Holding's (NYSE:BABA) Decelerating Rates Of Return
Alibaba Said to Near $1 Billion Intime Sale to Youngor Fashion