Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more

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Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more - KrASIA

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The post Deals in brief: Alibaba to divest Intime, Tyme Group achieves unicorn status with Nubank-led Series D round, EQT finalizes PropertyGuru acquisition, and more appeared first on KrASIA.

The deal is subject to regulatory approvals and will result in a USD 1.3 billion loss for Alibaba.

The sale is part of the company’s broader restructuring plan announced in 2023, which includes integrating domestic and international e-commerce platforms into a single business unit.