Beijing-based department store operator Intime Retail says Alibaba Group Holding Ltd. has agreed to invest HK$5.37 billion ($692.25 million) in the company, according to an announcement of Intime Retail. Alibaba will pay HK$1.66 billion to buy 220.5 million shares at HK$7.53 apiece. The equity stake is equivalent to about 9.9% of the company's enlarged shares. […]
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