LVMUY - Louis Vuitton And Alibaba Strengthen Ties To Boost AI-Powered Luxury Retail | Benzinga
French luxury fashion house LVMH-Moet Hennessy Louis Vuitton (OTC:LVMHF) (OTC:LVMUY) and e-commerce giant Alibaba Group Holding Limited (NYSE:BABA) have announced the expansion of their partnership.
The collaboration aims to elevate the luxury experience in China by utilizing Alibaba’s cloud technologies and AI-powered retail innovations.
This deeper partnership demonstrates both companies’ commitment to fostering retail innovation and delivering tech-driven luxury experiences.
With over 30 Maisons and Divisions in mainland China and Southeast Asia, the five-year extension of the partnership underscores a mutual commitment to exploring new markets, products, and technological frontiers.
Leveraging Alibaba’s capabilities will help LVMH ...