{"id":888640,"date":"2024-12-18T08:15:44","date_gmt":"2024-12-18T02:45:44","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=888640"},"modified":"2024-12-18T08:18:48","modified_gmt":"2024-12-18T02:48:48","slug":"alibaba-to-sell-intime-department-stores-for-1-billion-amid-restructuring","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/18\/alibaba-to-sell-intime-department-stores-for-1-billion-amid-restructuring\/","title":{"rendered":"Alibaba to sell intime department stores for $1 billion amid restructuring"},"content":{"rendered":"<p>Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime&#8217;s management for 7.4 billion yuan ($1.02 billion). <\/p>\n<p>The deal comes as Alibaba looks to shift focus from its dominance in China&#8217;s retail sector to its core e-commerce and cloud operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alibaba Group said on Tuesday that it will sell its department store unit Intime to a consortium comprising of textiles firm Youngor Fashion and some of Intime&#8217;s management for 7.4 billion yuan ($1.02 billion). The deal comes as Alibaba looks to shift focus from its dominance in China&#8217;s retail sector to its core e-commerce and cloud operations.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-888640","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/888640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=888640"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/888640\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=888640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=888640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=888640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}