Alibaba, Richemont to invest $1.1b in luxury fashion retailer Farfetch

Alibaba, Richemont to invest $1.1b in luxury fashion retailer Farfetch

Alibaba Group Holding Ltd and Swiss group Richemont will invest $1.1 billion in online luxury fashion retailer Farfetch Ltd and its new Chinese marketplace, as online demand for luxury goods booms in the Asian country.

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