Alibaba looks set to expand to the real world

Alibaba looks set to expand to the real world

In an example of the blending off and online experience, Alibaba is leading a bid to take a department store chain private. Alibaba has but in a bid of $2.6 billion for mall operator InTime as the Chinese ecommerce giant looks to expand onto the high street. Control of Intime will also allow the ecommerce giant to explore ways to modernize a $4.5 trillion industry that hasn’t adapted well to the growing popularity of online shopping. Alibaba bought a stake in the firm for $692 million nearly...