Business
Macy's enters joint venture with Fung Retailing to test e-commerce in China
Macy’s, Inc. (M) announced Wednesday it has formed a free-standing joint venture with Hong Kong-based Fung Retailing Limited to explore retailing in China, one of the world’s largest and fastest-growing consumer marketplaces. The joint venture, which is 65 percent owned by Macy’s and 35 percent owned by Fung Retailing, will start with an...
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