Alibaba to lose US$1.3 billion on Intime sale in retreat from offline retail [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
of China's leading department store operators, as the e-commerce giant walks away from offline retailing to focus on its core businesses. The company is selling its entire stake in the retail chain, in which it first invested in 2014, to a consortium of purchasers comprising Youngor Group and members of Intime's management team, according to a filing to the Hong Kong stock exchange on Tuesday. Youngor Group is a textile and clothing company based in the eastern city of Ningbo. The deal was valued at around 7.4 billion yuan, less than half of what Alibaba sank into the company. The divestment comes seven years after it teamed up with Intime's founder to take the mainland shopping giant private in a HK$19.8 billion (US$2.5 billion) cash transaction. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-win
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BABA
Earnings
- 11/15/24 - Beat
BABA
Sec Filings
- 12/20/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- BABA's page on the SEC website