Co Operative Group Ltd

Alibaba, whose businesses will come under investor scrutiny ahead of the group's planned mega IPO in the United States this year, said it will buy $214 million worth of shares in Hong Kong-listed Intime Retail (Group) Co Ltd.

A series of recent court rulings suggests that the smartphone patent wars are now grinding toward a stalemate.

Alibaba, whose businesses will come under investor scrutiny ahead of the group's planned mega IPO in the United States this year, said it will buy $214 million worth of shares in Hong Kong-listed Intime Retail (Group) Co Ltd.

A series of recent court rulings suggests that the smartphone patent wars are now grinding toward a stalemate.