Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion

Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion

13.01.2017 News

The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars.

Intime Retail owns 29 shops and 17 shopping centers in major Chinese cities. Currently, 27,8% Intime operator shares are owned by Alibaba Group, which it bought in March 2014. Directly founder Intime Shen Guo Jun owns 9.2% of shares. The price that Alibaba is willing to offer for Intime shares exceeds the value of 42.3% at the time of completion of the public auction December 28, 2016. Having concluded an agreement, Alibaba will have approximately 74% of the company.

According to experts, Alibaba Group intends to eliminate all obstacles between the trade online and offline stores through the use of big data technology.

Also read: McDonald’s sells almost all of its business in China

Other articles

Read also

Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

IBM’s revenue exceeded forecasts due to the growth of the “cloud” business

US International Business Machines Corp. (IBM) slightly increased its net profit in the third quarter of 2020, despite on the declining revenue in the context of the coronavirus pandemic, forcing businesses to delay implementation of projects to preserve capital. According to the press release of the company, Net income in July-September was $ 1.7 billion, […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

For purchase of the vaccines COVID-19 will be allocated 2.6 billion UAH

Ukraine will allocate 2.6 billion hryvnias for the purchase of a coronavirus vaccine. This was stated by Finance Minister Serhiy Marchenko at the press conference on Monday, September 14. “By 2023, we have a real opportunity to ensure health care spending at 5%. There is an increase in 2021 to 4.2% of GDP for health […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

The cause of problems with the supply of AstraZeneca vaccines has been revealed

Problems with the supply of the AstraZeneca vaccine to the European Union are partly because the contract plant in the Netherlands has not yet delivered a single dose, the Financial Times reported on March 14. The Leiden plant is one of the main producers of the active substance of the vaccine, along with the plant […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion

The international business publication The Financial Times published the news that the public company Alibaba Group of China, experienced e-commerce giant, plans to become the owner of an investment holding company Intime Retail, bought its controlling stake at a price of more than two and a half billion dollars. Intime Retail owns 29 shops and […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Antimonopoly Committee of Ukraine has fined “Gazprom” for a record sum of $ 85 billion UAH

Antimonopoly Committee of Ukraine has fined the Russian company “Gazprom” for 85 billion UAH  for abuse  of monopoly power. This information was announced by the head of department Yuriy Terentyev on his Facebook. He emphasized that the “Gazprom” is a monopolist in the market of transit of natural gas through main pipelines on the territory […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Airbnb will try to get an estimate of $ 35 billion for an IPO

According to Bloomberg, citing documents submitted to the Securities and Exchange Commission (SEC), the short-term rental service Airbnb plans to raise $ 2.6 billion in listing in the US and receive an estimate of $ 35 billion. If the company manages to raise $ 2.6 billion, Airbnb’s placement will be the fourth largest IPO in […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Ukrainian startup TripMyDream was acknowledged as the best travel-startup in the world and will receive investments up to $ 500,000

In Lausanne (the Swiss city) took place  the final of the international start-up competition Seedstars Summit 2016 in which the best tourist startup in the world was chosen. The main prize, the investment of up to $ 500,000 received the Ukrainian company TripMyDream. The team fought for the title of winner among the ten finalists, […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Boeing received the first order for the 737 Max after lifting the ban on flights to the United States

Ryanair has made a multibillion-dollar order for a Boeing 737 Max, reports the Financial Times, citing the head of the carrier Michael O’Leary. This is the first agreement with the plane after the investigation of two plane crashes involving it, which in 2018 claimed more than 300 lives. Vertical Research Partners aerospace analyst Rob Stallard […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
Analytics

Sweden is a country with a dynamic economy

Everyone has heard about Sweden from childhood, as it was Stockholm where the well-known fairytale heroes The Kid and Carlson lived. Let’s add here favorite of all IKEA, the band ABBA, cars of Volvo and Scania, companies like Spotify, Ericsson, H&M, Electrolux and μTorrent – the vision of the nation is made up of pieces.  […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

AMD will buy the chip maker Xilinx

Chip maker, Advanced Micro Devices, is in talks to buy a rival chip maker – the American company Xilinx, reported The Wall Street Journal. The deal might be exceeding to $ 30 billion and could be announced for the next week. The merger will become one of the largest transactions in the industry this year, […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Lauffer Group will invest 14 million UAH in trade infrastructure

Lauffer Group will invest 14 million UAH in the expansion and reconstruction program of its own trading network. Lauffer Group continues to implement a program of expansion and renovation of its own sales network in Odessa, Kharkiv and Dnipropetrivsk regions, according to ProAgro. In 2015, Lauffer Group invested about  4.25 million UAH in the opening […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Alibaba Group buys South China Morning Post for $ 266 million

The largest Chinese company Alibaba Group announced the acquisition of the largest English-language printed edition in Hong Kong – South China Morning Post (SCMP). The agreement between two large companies estimated at $ 266 million. Representatves of companies told about the agreement on December 14, 2015. All details of the agreement are kept in a […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

A new temporary head of Ukrzaliznytsia has been appointed

At a meeting on Wednesday, August 11, the government replaced the interim head of Ukrzaliznytsia, appointing Oleksandr Kamyshin to replace Ivan Yuryk. The people’s deputy Alexey Goncharenko reported about it. In 2012-2019, Kamyshin was Rinat Akhmetov’s SCM investment manager and a member of the supervisory board of the stevedoring company Portinvest. Since 2020 he has […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

The NBU has increased the purchase of currency on the interbank market 15 times

During the week, the National Bank of Ukraine bought $ 228 million on the interbank foreign exchange market. At the same time, the central bank did not sell currency on the interbank market. So the NBU continued to buy currency on the interbank market, the bank increased it compared to last week ($ 15 million) […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Shares of cruise company Royal Caribbean rose on 10% against of the background of optimistic forecasts

Shares of cruise company Royal Caribbean, which decreased by 57% since the beginning of the year, rose for the last quarter and closed with an increase of 10% to $ 57.31 per share on Monday after the publication of the financial results of the second quarter. Investor`s optimism is based on Royal Caribbean management’s statements […]

Next
Alibaba Group offers for the purchase of Chinese Intime Retail $ 2,6 billion
News

Microsoft topped the ranking of the most responsible employers

Created by Bill Gates, Microsoft third time topped the annual ranking of the 100 most responsible US corporations. This was announced by Forbes on Wednesday, October 14. Also in the top five of the updated list, in addition to Microsoft, included only technological giants – NVIDIA, Apple, Intel Alphabet. “Forbes compiled the rating together with […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com