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What will be Alibaba's primary focus area for investment in 2025?
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E-commerce • 25%
Cloud computing • 25%
Digital media and entertainment • 25%
Logistics and supply chain • 25%
Official announcements from Alibaba and financial reports detailing investment allocations.
Story
Alibaba to Sell Intime Department Store Chain for $1 Billion, Booking $1.3 Billion Loss in Restructuring to Focus on E-Commerce
Dec 17, 2024, 09:09 AM
Alibaba Group is set to sell its Chinese department store chain, Intime, as part of a strategic restructuring aimed at refocusing on its e-commerce operations. The sale is expected to result in a significant financial impact, with the company anticipating a loss of approximately $1.3 billion from the transaction. The decision to divest Intime follows a broader trend within Alibaba to streamline its retail business, which has faced challenges in recent years. The company has agreed to sell its entire stake in Intime for around $1 billion, marking a notable shift in its business strategy. This move is part of Alibaba's ongoing efforts to adapt to changing consumer behaviors and enhance its focus on online retailing.
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Digital media and entertainment • 25%
E-commerce • 25%
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Cloud Computing • 25%
Logistics and Supply Chain • 25%
Digital Media and Entertainment • 25%
E-commerce • 25%
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Other • 25%
Focus on international expansion • 25%
North America • 25%
Africa • 25%
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Southeast Asia • 25%
Retail • 25%
Healthcare • 25%
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Technology • 25%
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Technological innovation • 25%
Expanding market share • 25%
Customer service enhancement • 25%
Debt repayment • 25%
Other strategic initiatives • 25%
Investment in cloud computing • 25%
Investment in e-commerce • 25%
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Finance • 25%
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