On December 17th, Southern Finance and Economics reported that a reporter from 21st Century Business Herald confirmed from informed sources that Alibaba plans to sell its shares in Intime Department Store to Yagor. As it does not involve assets of a listed company, Yagor will not make a public announcement. For more insider trading information, please refer to Alibaba's announcement.
At present, Alibaba has clearly established two strategic priorities of "user first, AI driven", and has reorganized its business around these two priorities to reshape its business strategy priorities. (21st Century Business Herald)