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.
This story is from the December 27, 2024 edition of Mint New Delhi.
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This story is from the December 27, 2024 edition of Mint New Delhi.
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