SoftBank’s Onetime Pizza-Robot Darling Shuts DownRead more

Chinese e-commerce giant Alibaba will invest in Swiss duty-free retailer Dufry and the two companies have agreed to form a joint venture. Dufry said in a statement that Alibaba plans to buy as much as a 9.99% stake in the company. Alibaba will own 51% of their travel retail joint venture in China, while Dufry will own 49%. Alibaba’s investment and the Chinese joint venture come as Dufry is...

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Art by Clark Miller.
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