Alibaba to invest $692 mln in department store operator Intime Retail

HONG KONG, March 31 (Reuters) - Intime Retail (Group) Co Ltd said Alibaba Group Holding Ltd would invest HK$5.37 billion ($692.25 million) in the Chinese department store operator and form a joint...

from Reuters: Financial Services and Real Estate http://ift.tt/1jNkjNU