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Chinese e-commerce giant Alibaba is keen to bring online shopping offline, essentially creating an entire ecosystem for online-to-offline retail, and it has now teamed up with department store operator Intime to do so. The two companies announced today that they have partnered each other to beef up the online shopping experience on Alibaba by connecting to Intime’s physical stores and membership system. To this extent, Alibaba has agreed to invest about $692 million in Intime. This will essentially give Alibaba a presence in the physical world — as at the end of 2013, Intime operated 36 stores, including 28 department stores and eight…

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