Chinese Tech Giant Courts Potential Buyers for Physical Outlets
Alibaba Group Holding Ltd. (NYSE: BABA) may be planning to sell some of its brick-and-mortar businesses, including Intime, RT-Mart and Freshippo. Intime is a shopping mall operator while RT-Mart is a retailer operating under the company. On the other hand, Freshippo operates as a grocery business. This move comes as the Chinese tech giant places more focus on its e-commerce business model and may, in part, be fueled by the huge amounts of effort offline businesses need in order to run efficiently. It should be noted that the company has yet to give its official statement on the matter. In…