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Alibaba and Richemont team up to sell luxury goods on Tmall

(Bloomberg)—Richemont and Alibaba are teaming up in a venture that strengthens the Swiss Cartier owner’s lead in luxury e-commerce and gives the Chinese online retailer more credibility in selling jewels and $100,000 watches. The venture will create mobile apps and set up online stores on Alibaba’s Tmall luxury platform under Richemont’s Net-a-Porter and Mr Porter […]

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