Report: Alibaba Gauges Potential Buyers' Interest in Brick-and-Mortar Businesses

Chinese tech giant Alibaba Group is reportedly considering selling several of its brick-and-mortar businesses, including grocery business Freshippo, retailer RT-Mart and shopping mall operator Intime.The decision comes as Alibaba aims to focus on its core eCommerce business model and divest non-core, non-profitable units, Reuters reported Friday (Feb. 2), citing unnamed sources.Alibaba Group did not immediately reply to PYMNTS’ request for comment.The company has been in discussions with strategic and finan ...