Alibaba Explores Sale of Consumer Assets and Retail Units, Richard Li Seeks to Sell PineBridge - China News Brief

Alibaba is reportedly considering the sale of several consumer sector assets, including its grocery business Freshippo and retailer RT-Mart, as part of a shift back to its core e-commerce business model and a focus on profitable ventures. The company has been in talks with potential investors about the sale, which also includes shopping mall operator Intime. The move comes amid a broader restructuring and China's tightened scrutiny over IPOs, with Alibaba aiming to distinguish between "core" and "non-core" businesses under new leadership.