SHANGHAI -- Alibaba Group Holding, China's largest e-commerce company, is pulling away from its forays into offline retailing, shedding noncore investments as it pivots from expansion to focus on capital efficiency.
The change can be seen with Intime Retail, a department store operator purchased by Alibaba in 2017. On a recent visit to an Intime store, an area that reportedly had been set aside for a collaboration with Alibaba's e-commerce services was nowhere to be seen.
