Alibaba setting up joint venture with Swiss duty-free giant Dufry

read the original version on: www.retailnews.asia

Chinese tech giant Alibaba has agreed to form a joint venture (JV) with Swiss duty-free group Dufry, as Chinese shoppers’ appetite for overseas luxury goods seemed unfettered by the pandemic. It also announced that it would acquire an up to 9.99 percent stake in the duty-free operator in a statement released last Monday. Alibaba Group will […]

The post Alibaba setting up joint venture with Swiss duty-free giant Dufry appeared first on Retail News Asia.



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