Alibaba sells Intime department stores and loses US$1.3 billion

Featured image of the article Alibaba sells Intime department stores and loses US$1.3 billion

An article by Morgane Monteiro

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Publication

20 December 2024 à 12h37

Updated on 24 July 2025 à 10h39

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2 minutes

Publication: 20 December 2024 à 12h37, Updated on 24 July 2025 à 10h39

Reading time: 2 minutes

An article by Morgane Monteiro

Add mind Retail to your sources

Publication

20 December 2024 à 12h37

Updated on 24 July 2025 à 10h39

Reading time

2 minutes

Publication: 20 December 2024 à 12h37, Updated on 24 July 2025 à 10h39

Reading time: 2 minutes

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On December 16, Alibaba Group (Q3 2024 sales: US$33.7 billion, up 5%) announced the sale of the department store subsidiary Intime, acquired in 2017 for US$2.6 billion. Once approval has been obtained from the Chinese authorities, Alibaba will sell 99% of Intime to Youngor Fashion (99% stake) and 1% to the subsidiary’s management team.

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Article authors

Featured image of the article Morgane Monteiro

Morgane Monteiro Journalist

Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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