(Reuters) – Alibaba Group on Tuesday said it would sell its department store arm, Intime, to textiles and clothing enterprise Youngor Fashion for gross proceeds of 7.4 billion yuan ($1.02 billion).
($1 = 7.2841 Chinese yuan renminbi)
(Reporting by roushni Nair and Rishav Chatterjee in Bengaluru; Editing by Vijay Kishore)
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