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Alibaba mulls sale of assets

Alibaba Group is considering the sale of several consumer sector assets, including grocery business Freshippo, retailer RT-Mart, and shopping mall operator Intime, as part of a shift toward focusing on its core e-commerce business and divesting non-core, loss-making units. Discussions with strategic and financial investors are underway, but the talks are in the early stages, and Alibaba may choose not to proceed with the divestments. The move is in line with Alibaba’s broader restructuring and comes amid China’s tightened scrutiny of initial public offerings.

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