Chinese e-commerce giant Alibaba Group Holding Limited has inked a global strategic partnership with Swiss luxury group Compagnie Financiere Richemont SA to form a joint venture, tapping into China’s vast retail market by providing enhanced access to overseas luxury brands, said the duo in a joint statement released on Friday.
Alibaba, Richemont Set Up JV To Target China’s Vast Luxury Retail Market appeared first on China Money Network.