Dec. 8 at 3:11 PM
$DUFRY $BABA As of recent reports (late 2024/early 2025 data), Alibaba held approximately a 4.87% stake in Avolta. The Chinese e-commerce giant initially acquired a stake of around 6.1% in Avolta's predecessor company, Dufry, in 2020 as part of a strategic joint venture for the Chinese travel retail market.