Australia's Cettire eyes best session in nearly 5 months on JD.Com deal
07/02/2022 24:28
** Shares of Cettire CTT.AX surge as much as 16.2% to
A$2.720, marking their best intraday session since Sept 2021
** The luxury online retailer says it partnered with Chinese
e-commerce giant JD.Com 9618.HK in a bid to enter the mainland
China market under its expansion plans urn:newsml:reuters.com:*:nASX40rLtD
** Says through partnership, Chinese consumers will have
access to co's luxury selection and post-sales support
** Expects its mainland China proposition will be available
to Chinese consumers during the second half of 2022
** Stock down ~34.3% this year, as of last close
(Reporting by Tejaswi Marthi in Bengaluru)
((tejaswi.marthi@thomsonreuters.com))
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