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Published on: 2025-03-06 11:28:28 Published on: 2025-03-06 11:28:28

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Green Investment ✌️【Cover Letter】✌️Start with ₹500 and let our expert-managed funds drive your profits up to 100% monthly!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.

Green Investment ✌️【Cover Letter】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!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.

Green Investment ✌️【Cover Letter】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.Green Investment Part-Time Work with No Experience Needed

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