Alibaba, the Chinese e-commerce giant, said Tuesday that it will sell its stake in the department store chain Intime to the apparel group Youngor and Intime's management team for 7.4 billion ...

Alibaba expects to book a divestment loss of nearly $1.8 billion based on the estimated fair value of the consideration ... had agreed to sell department-store chain Intime for $1.02 billion.

Alibaba combined the operation of food delivery service Ele.me and online restaurant guide business Koubei under a single management team and holding vehicle in October. It announced a fundraising ...