Top 10 ways Alibaba is building an empire
Updated: 2014-06-30 07:11 By He Yini (chinadaily.com.cn)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
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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] |
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