Intime

Alibaba is continuing its efforts to get into and modernize offline retail after the e-commerce giant lodged a $2.6 billion offer to fully acquire Intime.

Alibaba is buying Chinese mall operator Intime for $2.6B to modernize offline retail

Alibaba has agreed to pay $692 million for a 35% stake in Intime Retail, which operates department stores throughout China. The two companies will form a joint initiative to focus…

Alibaba Will Pay $692M For 35% Stake In Retail Operator Intime