Tesco Does A Deal With Alibaba Group Holding Ltd

The Motley Fool
Updated
Photo: C41n. Cropped. Licence: https://creativecommons.org/licenses/by-sa/3.0/
Photo: C41n. Cropped. Licence: https://creativecommons.org/licenses/by-sa/3.0/

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It's no secret that Tesco(LSE: TSCO) has been trying to extricate itself from the quixotic ventures of the previous management team. At least its latest deal with Alibaba reveals that one of these ventures turned a decent profit.

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Owain Bennallack owns shares in Tesco. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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