Easyhome New Retail Group (SHE:000785) expects to sign 55 million yuan worth of agreements with Alibaba (HKG:9988) this year, according to a Shenzhen Stock Exchange filing on Tuesday.
The transactions will include procurement of goods, receipt of services, and property leasing deals.
In 2024, the total amount of deals between the companies reached 50.1 million yuan, the Chinese department store chain said.
Alibaba's shares rose more than 4% in recent trade.
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