New Retail in Action Issue 1: Alibaba proposes to privatize Intime Retail Group

Alibaba Group and Intime founder proposed to privatize Intime Retail Group at HK$10 per share, reflecting a 42% premium. This transaction is a key part of Alibaba's "New Retail" strategy to transform traditional retail by merging online and offline channels. Alibaba aims to leverage its digital expertise with Intime's physical network of department stores to create a seamless customer experience. This move allows for more retail experiments and provides Intime with a breakthrough in a slowing economic environment.