, Columnist
Alibaba Gets Real
Pushing further into bricks and mortar will allow China's e-commerce giant to serve customers better.
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Alibaba Group Holding Ltd.'s push further into bricks and mortar may be just in time.
The Chinese e-commerce giant is leading a bid to take department store operator Intime Retail Group Co. private, according to a statement to the Hong Kong stock exchange. Alibaba and Intime's founder Shen Guojun will pay HK$10 ($1.30) for the Intime shares they don't already own in a deal valued at about $2.6 billion.