Beijing-based department store operator Intime Retail says Alibaba Group Holding Ltd. has agreed to invest HK$5.37 billion ($692.25 million) in the company, according to an announcement of Intime Retail. Alibaba will pay HK$1.66 billion to buy 220.5 million shares at HK$7.53 apiece. The equity stake is equivalent to about 9.9% of the company's enlarged shares. […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Beijing-based department store operator Intime Retail says Alibaba Group Holding Ltd. has agreed to invest HK$5.37 billion ($692.25 million) in the company, according to an announcement of Intime Retail. Alibaba will pay HK$1.66 billion to buy 220.5 million shares at HK$7.53 apiece. The equity stake is equivalent to about 9.9% of the company's enlarged shares. […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.