Alibaba Group Holding Ltd. is nearing a deal to sell its department store business to Youngor Fashion Co. for around $1 billion, according to people familiar with the matter. The Chinese tech ...

Youngor Group is a textile and clothing company based in the eastern city of Ningbo. The deal was valued at around 7.4 billion yuan, less than half of what Alibaba sank into the company.

Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.

SHANGHAI -- Chinese e-commerce conglomerate Alibaba Group Holding on Tuesday said it will sell its stake in department store chain Intime to clothing company Youngor Group and members of Intime's ...

Alibaba, the Chinese e-commerce giant ... It is also the distributor for the American tailored clothing company Hart Schaffner Marx in China. More from WWD ...

Alibaba, owner of the South China Morning Post, did not immediately respond to a request for comment. Younger, the textile and clothing company based in the eastern city of Ningbo, did not ...