Alibaba Poised to Offload Intime Retail Business for Nearly $1 Billion Amid Strategic Refocus

Alibaba Group Holding Ltd, the Chinese e-commerce giant, is reportedly on the verge of finalizing the sale of its retail business, Intime, to Youngor Fashion Co., a prominent Chinese fashion and apparel firm. The deal is expected to be valued close to $1 billion, marking a significant shift in Alibaba's strategy as it aims to streamline operations and focus on its core e-commerce objectives.

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