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Gmarket, Shinsegae and Korea
Gmarket’s struggles lead Shinsegae to Alibaba alliance
Gmarket, the e-commerce unit of South Korea’s Shinsegae Group, has joined forces with China’s Alibaba to seek a turnaround amid persistent financial struggles. Shinsegae announced Dec. 26 that it will establish a joint venture with Alibaba International,
Shinsegae, Alibaba to form $4B joint venture amid intensifying e-commerce rivalry
Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket and AliExpress Korea.
Shinsegae Gmarket forms joint venture with AliExpress to reshape e-commerce in Korea
Shinsegae Group's e-commerce platform Gmarket will establish a joint venture with China's e-commerce platform AliExpress Korea and enter into joint management.
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1d
Gmarket CEO assures employees of stability after Alibaba joint venture announcement
Gmarket CEO assures employees of stability after Alibaba joint venture announcement Gmarkets leadership reaffirms commitment ...
Benzinga (Video) on MSN
17h
Alibaba, E-Mart Form $4 Billion Joint Venture to Strengthen South Korean E-Commerce Presence
Alibaba Group Holding Ltd. and E-Mart Inc. have partnered to create a 50-50 joint venture between AliExpress International ...
1d
Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea
Alibaba Group Holding Ltd. agreed to form a joint venture for its South Korean operations with E-Mart Inc.’s e-commerce ...
2d
Alibaba agrees to merge South Korean operations with E-Mart’s Gmarket
Group’s AliExpress International agreed to merge its South Korean operations with E-Mart’s e-commerce platform, Gmarket, in a ...
The Korea Bizwire
1d
Shinsegae Partners with Alibaba to Reshape South Korea’s E-commerce Landscape
The new entity, “Grand Opus Holding,” will launch in 2025 with equal ownership between Shinsegae and Alibaba’s international ...
The Edge Singapore
1d
Alibaba, E-Mart to create US$4 bil e-commerce JV in South Korea
E-Mart acquired a controlling stake in eBay’s South Korean online marketplace for about US$3 billion, expanding its customer ...
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Alibaba
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Shinsegae
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