PRESS RELEASE 
Dufry and Alibaba Group have agreed to form a strategic Joint Venture in China and Alibaba Group plans an equity investment in Dufry with a target ownership of up to 9.99% of the post-offering share capital
Dufry has agreed to form a Joint Venture with Alibaba Group to partner in the Chinese travel retail markets
Partnership brings together Alibaba Group’s leadership in Chinese consumer retail and digital transformation with Dufry’s global …

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Source: The Loadstar