Alibaba leads $2.55 billon bid for Chinese retailer Intime

E-commerce firm Alibaba Group Holding and the founder of Intime Retail Group have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.

E-commerce firm Alibaba Group Holding and the founder of Intime Retail Group have jointly bid to take the Chinese department store operator private for HK$19.79 billion ($2.55 billion), the partners said on Tuesday.