Alibaba buys into retail business | |
http://english.dbw.cn
2014-04-01 09:36:01
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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.
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Author: Source: xinhua Editor: Yang Fan |