Jan 05, 2021 04:10 PM (GMT+8) · EqualOcean
Dufry has signed a strategic cooperation agreement with Hainan Development Holding Co., Ltd. to jointly develop tax-free business in the fast-growing Hainan market and other areas. In addition to providing global brands, dufry will share its global experience in tourism retail with Hainan holdings. In addition to its partnership with Hainan holdings, dufry had previously planned a joint venture with Alibaba. Dufry said in an interview in mid December 2020 that the evaluation and development of the cooperation agreement with Alibaba are still in progress.