Alibaba Leads $2.55 Billion Bid For Chinese Retailer Intime
E-commerce firm Alibaba Group Holding Ltd (BABA. N) and the founder of Intime Retail Group Co Ltd (1833.HK) have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday. Alibaba Investment Ltd and Shen Guo Jun have offered HK$10 per Intime share. That would represent … Read more