Alibaba to acquire 10% stake in Swiss duty-free group Dufry, inks China JV

Alibaba to acquire 10% stake in Swiss duty-free group Dufry, inks China JV

REUTERS/Aly Song

China’s Alibaba plans to acquire a stake of up to 9.99% in Swiss duty free group Dufry, Dufry said on Monday, as it announced a new Chinese joint venture with the tech giant.