Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket ...

The companies plan to make further investments in the JV, which will own 100% of Gmarket. Both Gmarket and AliExpress Korea will continue to operate their platforms independently.

Gmarket is Shinsegae’s online shopping platform. Gmarket’s CEO, Danny Chung, joined the company in July from Alibaba where he was Korea general manager. Last year, Gmarket logged revenue of 1. ...

Chinese capital is rapidly flowing into South Korean e-commerce, from vertical specialized platforms to major retail group ...

Shinsegae Group recently unveiled a strategic partnership with Chinese tech giant Alibaba, valued at approximately 6 trillion ...

The joint venture will be formed partly by Shinsegae investing its 100% stake in South Korean e-commerce platform Gmarket, it said in a regulatory filing. AliExpress Korea and Gmarket will be ...

Alibaba (BABA) Group’s AliExpress International agreed to merge its South Korean operations with E-Mart’s e-commerce platform, Gmarket, in a 50-50 joint venture, according to a stock exchange ...

Alibaba and E-mart will combine the assets of their separate e-commerce platforms, AliExpress Korea and Gmarket, to form a 50 ...

Both Gmarket and AliExpress Korea will continue to operate their platforms independently. The new entity could be valued at about $4 billion, people familiar with the matter told Bloomberg ...