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Alibaba takes big step offline with US$2.6b Intime deal

Wednesday, January 11, 2017 - 05:50

Hong Kong

ALIBABA Group Holding Ltd is leading a bid to take department store chain Intime Retail Group Co private for as much as US$2.6 billion, as China's largest online retailer deepens its integration with brick-and-mortar stores.

The deal strengthens Alibaba's burgeoning

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