Home / Centerstage / 2017 / january / Week 2 /
Alibaba Group collaborates with the founder of Intime Retail to privatize the Hong Kong-listed department store chain. Alibaba, already holding a 28% stake in Intime, plans to invest up to HK$19.8 billion ($2.6 billion) to take the company private. This move aligns with Alibaba's strategy to integrate its e-commerce dominance with physical retail stores, solidifying its position in China's retail industry.
Monday, 9 January, 2017