Alibaba Explores Sale of Consumer Assets, Doubles Down on E-Commerce Core
Alibaba is considering selling off several consumer sector assets, including grocery business Freshippo and retailer RT-Mart, as part of a shift back to its core e-commerce business model under new leadership. 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 tightened scrutiny over IPOs in China's challenging capital markets. The decision reflects a focus on core business and investment in areas such as AI, cloud computing, and overseas expansion, while evaluating "core" and "non-core" businesses.
