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Alibaba buys into retail business
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  • http://english.dbw.cn   2014-04-01 09:36:01
     

    China's e-commerce giant Alibaba Group announced on Monday to pay 5.3 billion Hong Kong dollars (692 million U.S. dollars) to acquire shares of the Hong Kong-listed department store operator -- Intime Retail Group Co.

    Intime's stocks were opened at 10.50 Hong Kong dollars per share on Monday, 16.28 percent higher than the previous trading price.

     

    Author:    Source: xinhua     Editor: Yang Fan

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