Business / Biz Photos

Top 10 ways Alibaba is building an empire

Updated: 2014-06-30 07:11 By He Yini (chinadaily.com.cn)
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Top 6 Intime Retail (Group) Co Ltd

Investment: $692.2 million

Share: 9.9 percent

Date: March 31

The investment is expected to give Alibaba a stake in Intime of about 9.9 percent when the deal is completed. The convertible bonds are estimated to allow Alibaba to take no less than 25 percent of Intime when it converts those bonds into common stock shares within three years. An online membership product jointly launched with the department store operator has showed strong potential for developing online-to-offline business by gaining 5 million users within 100 days.>>> more

Top 10 ways Alibaba is building an empire

Zhang Yong, COO of Alibaba Group, speaks at a news conference for Alibaba acquiring shares of Intime Retail Group in Beijing, China, March 31, 2014. [Photo / IC]

Top 10 ways Alibaba is building an empire

Top 10 ways Alibaba is building an empire

Top 10 ways Alibaba is building an empire

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