Deals in brief: Alibaba to divest Intime, Tyme Group achieves...

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2024-12-18 12:12:41

Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more

Bringing you the latest updates on funding deals and activities in the Asia Pacific. Alibaba to divest Intime as part of business restructuring Chinese e-commerce giant Alibaba Group has announced the sale of its department store unit, Intime Retail, to a consortium co-led by Youngor Fashion and Intime’s management team for RMB 7.4 billion (USD 1 billion), according to Reuters. The...

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