Thursday, December 26, 2024

Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B (Manuel Baigorri/Bloomberg)

Manuel Baigorri / Bloomberg:
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B  —  - Companies announce JV deal in Korea, confirming earlier report  — Alibaba seeks inroads abroad as growth slows in China



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