Sunday 30 March 2014

Alibaba to invest $692 mln in department store operator Intime Retail

HONG KONG, March 31 (Reuters) - Intime Retail (Group) Co Ltd said Alibaba Group Holding Ltd would invest HK$5.37 billion ($692.25 million) in the Chinese department store operator and form a joint venture to develop online-to-offline (O2O) business.






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