Monday, March 31, 2014

Alibaba to Pay $692 Million for Stake in Intime Retail

E-commerce giant Alibaba said it agreed to pay $692 million for roughly 25% of Chinese department-store operator Intime Retail in a bid to link more closely with bricks-and-mortar retail.



from WSJ.com: US Business http://ift.tt/1ogyqNA

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