Alibaba has agreed to form a joint venture in China with dufry, the world’s largest duty-free retailer, and plans to hold no more than 9.99% of dufry, media said on Monday. In the first half of this year, driven by Hainan’s tax-free policy, China’s sales volume soared to 2.86 billion, becoming the first duty-free retail company in the world. Global Tech

By ibmwl