Alibaba opens a first furniture showroom in Hong Kong Asia On February 22, 2025, Taobao (Alibaba Group) teamed up with Chinese home furnishings platform Papabo to open a first physical furniture store.…
After 5 years, Alibaba sells off Sun Art supermarkets and loses €1.9 billion Asia Alibaba Group is continuing a withdrawal from physical retail. After Intime department stores, the giant is selling control of Sun Art supermarkets to Chinese private equity firm DCP Capital for €1.6 billion.
Alibaba sells Intime department stores and loses US$1.3 billion Asia On December 16, Alibaba Group (Q3 2024 sales: US$33.7 billion, up 5%) announced the sale of the department store subsidiary Intime,…
