Alibaba, E-Mart to form $4-bn e-tail JV in South Korea
Financial Express Pune|December 27, 2024
ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.
MANUEL BAIGORRI December 26

ALIBABA GROUP HOLDING agreed to merge its South Korean operations with E-Mart's e-commerce platform to better compete in the country's fast-paced online retail sector.AliExpress International and Gmarket are creating a 50-50 joint venture, according to a stock exchange filing by E-Mart which confirmed a report by Bloomberg News. The companies plan to make further investments in the JV, which will own 100% of Gmarket.

The new entity could be valued at about $4 billion, people familiar with the matter told Bloomberg, asking not to be identified discussing confidential information.

هذه القصة مأخوذة من طبعة December 27, 2024 من Financial Express Pune.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 27, 2024 من Financial Express Pune.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FINANCIAL EXPRESS PUNE مشاهدة الكل
Financial Express Pune

Farewell, Dr Manmohan Singh

Former PM cremated with full state honours

time-read
1 min  |
December 29, 2024
Financial Express Pune

Putin Apologizes for 'Tragic' Azerbaijani Airplane Crash

But stops short of admitting airliner was shot down

time-read
1 min  |
December 29, 2024
Financial Express Pune

Hallucinatory AI May Not Necessarily Be a Bad Thing

The smart machines, it turns out, are dreaming up riots of unrealities that help scientists track cancer, design drugs, and even win the Nobel Prize

time-read
4 mins  |
December 29, 2024
Financial Express Pune

Genome reveals how a small group burst out of Africa

DNA from European fossils dating back 45,000 years offers new clues to how our species spread across the world

time-read
2 mins  |
December 29, 2024
Financial Express Pune

Defiant push to change Constitution

Support of two-thirds of the members present and voting required to pass a Constitution Amendment Bill. The Opposition needs only 182 votes in the Lok Sabha to defeat the Bill. The I.N.D.I.A. bloc has 234 seats.

time-read
3 mins  |
December 29, 2024
Financial Express Pune

What does the future hold for out-of-form India captain Rohit Sharma?

STEVE SMITH WAS said to be a shadow of his best self before he scored a long overdue hundred against India in the Brisbane Test. And the adage about London buses came to mind when he repeated the feat with a much more fluent and dominant century in Melbourne.

time-read
4 mins  |
December 29, 2024
Financial Express Pune

Biotech Advancements

Recent breakthroughs in the field of biotechnology are expected to provide solutions for dominant problems in 2025.

time-read
1 min  |
December 29, 2024
Financial Express Pune

Individualised AI Tools

According to the Info-Tech Research Group report, more and more organisations will also be pursuing building their own AI tools.

time-read
1 min  |
December 29, 2024
Financial Express Pune

Adani Green Forms New Subsidiary for Renewables

ADANI GREEN ENERGY on Saturday incorporated a new wholly owned subsidiary, Adani Green Energy Sixty Eight Limited.

time-read
1 min  |
December 29, 2024
Financial Express Pune

Credila Financial Files IPO Papers

EDUCATION LOANS-FOCUSED LENDER Credila Financial Services, formerly known as HDFC Credila Financial Services, has filed papers with markets regulator Sebi for an initial public offering (IPO) through a confidential pre-filing route.

time-read
1 min  |
December 29, 2024