Yoox Net-A-Porter Shares Are Up 8 Percent; Alibaba Interest
As of today, Monday (June 26), shares in Yoox Net-A-Porter were up almost 8 percent as traders cited reported interest from Chinese e-commerce giant Alibaba Group.
According to one of the traders, “There are reports Alibaba is interested in buying a stake in Yoox.”
A report on Chinese fashion website Ladymax.cn said the Chinese conglomerate had contacted Yoox Net-a-Porter over capital cooperation, adding it did not rule out buying shares in it.
YNAP said it did not comment market speculation.
Photos Credit: Courtesy