The JV will work with Alibaba to expand Gmarket, an online shopping platform of billionaire Chung Yong-jin’s Shinsegae.
Alibaba Group Holding Ltd. is nearing a deal to merge its South Korean operations with E-Mart Inc.’s e-commerce platform to ...
Alibaba and E-mart will combine the assets of their separate e-commerce platforms, AliExpress Korea and Gmarket, to form a 50 ...
Gmarket, the e-commerce unit of South Korea’s Shinsegae Group, has joined forces with China’s Alibaba to seek a turnaround ...
In a $4 billion agreement, Alibaba Group and E-Mart are merging their South Korean e-commerce platforms, forming a joint ...
Shinsegae Group announced a strategic partnership with Alibaba International on Thursday to establish a joint venture. This ...
Shinsegae, Alibaba form joint venture to challenge Coupang, Naver duopoly Shinsegae and Alibaba join forces to reshape the ...
This venture is expected to launch next year. Interestingly, while the two companies are joining forces, AliExpress Korea and Gmarket will still operate separately. According to E-Mart's parent ...
In a strategic move to strengthen its position in South Korea's competitive e-commerce market, Alibaba Group ( BABA, ...
Shinsegae Group and Lotte Group - two leading retail giants in Korea - are grappling with the challenge of finding new growth ...