Yoox Net-A-Porter Shares Are Up 8 Percent; Alibaba Interest

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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

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Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.

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