(140331) -- HANGZHOU,Nov. 16, 2013 (Xinhua) -- In this file photo taken on Nov. 16, 2013, Alibaba s CEO Jack Ma Yun (R) and Intime Retail Group Co. chairman Shen Guojun attend an event celebrating the 15th anniversary of Intime s department stores in Hangzhou, capital of east China s Zhejiang Province. Chinese e-commerce giant Alibaba Group announced on Monday that it will pay 5.3 billion Hong Kong dollars (692 million U.S. dollars) to acquire shares of Hong Kong-listed department store operator Intime (Yintai) Retail Group Co. Under the two companies agreement, Alibaba will acquire 9.9 percen
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3500 x 2328 px | 29.6 x 19.7 cm | 11.7 x 7.8 inches | 300dpiDate taken:
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(140331) -- HANGZHOU, Nov. 16, 2013 (Xinhua) -- In this file photo taken on Nov. 16, 2013, Alibaba s CEO Jack Ma Yun (R) and Intime Retail Group Co. chairman Shen Guojun attend an event celebrating the 15th anniversary of Intime s department stores in Hangzhou, capital of east China s Zhejiang Province. Chinese e-commerce giant Alibaba Group announced on Monday that it will pay 5.3 billion Hong Kong dollars (692 million U.S. dollars) to acquire shares of Hong Kong-listed department store operator Intime (Yintai) Retail Group Co. Under the two companies agreement, Alibaba will acquire 9.9 percent of Intime s shares for 1.6 billion Hong Kong dollars, while buys 3.7-billion-HK dollar worth of convertible bonds of the high-street company. Alibaba will exchange the bonds for Intime shares in three years so that it will eventually hold a 26-percent stake in the company. (Xinhua/Ju Huanzong) PUBLICATIONxNOTxINxCHN Hangzhou Nov 16 2013 XINHUA in This File Photo Taken ON Nov 16 2013 Alibaba S CEO Jack MA Yun r and intimate Retail Group Co Chairman Shen Guojun attend to Event Celebrating The 15th Anniversary of intimate S Department Stores in Hangzhou Capital of East China S Zhejiang Province Chinese e Commerce Giant Alibaba Group announced ON Monday Thatcher IT will Pay 5 3 Billion Hong Kong Dollars Million U S Dollars to Shares of Hong Kong Listed Department Store Operator intimate Yintai Retail Group Co Under The Two Companies Agreement Alibaba will 9 9 percent of intimate S Shares for 1 6 Billion Hong Kong Dollars while Buys 3 7 Billion HK Dollars Worth of Convertible Bonds of The High Street Company Alibaba will Exchange The Bonds for intimate Shares in Three Years as Thatcher IT will eventually Hold a 26 percent Stake in The Company XINHUA JU PUBLICATIONxNOTxINxCHN