babel crypto ✌️【Temp Worker】✌️Smart investments start with ₹500. Grow your wealth with minimal risk! babel crypto - Rapid Wealth Growth with Smart Moves Flexible Part-Time Jobs: Work From Anywhere

babel crypto ✌️【Temp Worker】✌️Smart investments start with ₹500. Grow your wealth with minimal risk!Alibaba Group Holding is selling its stake in Chinese department store chain Intime for 7.4 billion yuan ($1 billion) as the company returns it focus to e-commerce, even though the sale will lead to losses of 9.3 billion yuan.The Hangzhou-based behemoth said a consortium of buyers including Chinese billionaireLi Rucheng’s fashion conglomerate Youngor Group will acquire its 99% stake in Intime, as well as 1% owned by an unidentified minority shareholder, according to a Tuesday filing with the Hong Kong Stock Exchange.

babel crypto ✌️【Temp Worker】✌️Achieve financial freedom with ₹500. Invest smart and earn fast!With Yintai Group’s billionaire founderShen Guojun, Alibaba took the department store chain private in 2017 in a $2.6 billion deal.The e-commerce giant cofounded by billionaireJack Maharbored dreams of using internet technologies to upgrade brick-and-mortar retail.

For example, itonce wanted togenerate service fees by selling customer analysis algorithms to offline retailers, and take a cut from their revenues if sales improved.

It bought brick-and-mortar stores to experiment and diversify the company’s revenue streams.That plan never lived up to expectations, and Alibaba has said it will refocus on its core e-commerce business.

“Alibaba may continue to sell more assets and investors could already be expecting this,” Wang Xiaoyan, a Shanghai-based analyst at research firm 86Research, says in messages sent over WeChat.

“Management’s goal is now focusing on the pure internet-based business, and turning Alibaba back to an internet company.”Wang says Alibaba may also sell RT-Mart, the hypermarket chain it acquired a controlling stake of for about $3.6 billion in 2020.

babel crypto ✌️【Temp Worker】✌️Start with ₹500 and grow your wealth using AI-powered investment strategies.The company may not have made up its mind on Freshippo, its own grocery business that was supposed to show how technology could change offline retailing.babel crypto ✌️【Temp Worker】✌️Invest smartly in blockchain technology. Start small, earn big—₹500 to 100% returns monthly.