SHANGHAI: China's capital markets outflow reached a record high of US$45.7 billion in November, according to official data ...

Alibaba Group is set to book an over $1 billion loss on the sale of its department-store chain Intime, which marks the Chinese tech giant's latest move away from offline retailing.

The deal comes as Alibaba looks to shift focus from its dominance in China's retail sector to its core e-commerce and cloud ...

Alibaba Group Holding Ltd. has agreed to sell its Intime department store business to Youngor Fashion Co. for around $1 billion in a move to offload non-core assets.

China, which views democratically-governed Taiwan as its own territory, sends warplanes and warships near the island on an ...

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on ...

Chinese leaders agreed last week to raise the budget deficit to 4 per cent of gross domestic product (GDP) next year, its ...

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A mistress has sued her lover's wife for refusing to leave her husband despite accepting 1.2 million yuan(Rs 1.3 crore ...

Alibaba expects to record losses of around 9.3 billion yuan related to the sale of Intime. The move comes as Alibaba has been restructuring its businesses to focus on the e-commerce sector amid ...