{"id":401523,"date":"2017-01-11T00:10:22","date_gmt":"2017-01-10T22:10:22","guid":{"rendered":"http:\/\/nhub.news\/?p=401523"},"modified":"2017-01-11T00:10:22","modified_gmt":"2017-01-10T22:10:22","slug":"alibaba-to-help-china-retailer-intime-go-private-in-2-6-billion-deal","status":"publish","type":"post","link":"http:\/\/nhub.news\/fr\/2017\/01\/alibaba-to-help-china-retailer-intime-go-private-in-2-6-billion-deal\/","title":{"rendered":"Alibaba to help China retailer Intime go private in $2.6 billion deal"},"content":{"rendered":"

$\"NewsHub\"$ Alibaba Group Holding Ltd. said it would team up with the founder of China\u2019s Intime Retail (Group) Co. to take the department-store operator private, as the e-commerce giant seeks to extend its online dominance into physical stores.
The deal requires approval from Intime shareholders and from a court in the Cayman Islands, where Intime is incorporated, an Alibaba spokeswoman said.
An expanded version of this story can be found at WSJ.com
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