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THE WHAT? L’Oréal and Alibaba Group have signed a three-year partnership to advertise a round financial system in China’s magnificence business.
THE DETAILS CEOs of each companies signed a memorandum of understanding which can see the 2 companies work collectively to develop new merchandise and create measurable round financial system options.
THE WHY? Alibaba Chairman and CEO, Daniel Zhang commented, “Sustainable growth has develop into a consensus and dedication throughout nationwide borders and additionally it is the widespread pursuit of each firm with a way of social accountability.”
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