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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Live from SF, It’s Tech Week
Hi, welcome to your Weekend.It was the boom-iest of times, it was the doom-iest of times. At least that’s how it feels right now in Dickensian San Francisco, where AI companies are setting up shop on every avenue, while fentanyl dealers are hanging out in every alley. I joke—but seriously, it’s wild out here. No fewer than 17 of the 35 startups listed on The Information’s new Generative AI...
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