Alibaba, E-Mart and Shinsegae

Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea
South Korean operations with E-Mart Inc.’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 JV, according to a stock exchange filing by E-Mart which confirmed a report by Bloomberg News.
Shinsegae’s E-Mart Discount Chain And Alibaba To Form Korean Joint Venture
The JV will work with Alibaba to expand Gmarket, an online shopping platform of billionaire Chung Yong-jin’s Shinsegae.
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 subsidiary. The partnership integrates Shinsegae’s Gmarket platform and Alibaba’s AliExpress Korea, while maintaining their independent operations.
Alibaba Joins Forces with E-Mart for $4 Billion South Korean E-Commerce Venture
In a strategic move to strengthen its position in South Korea's competitive e-commerce market, Alibaba Group ( BABA, Financial) has agreed to merge its operations with E-Mart's e-commerce platform, Gmarket. An exchange filing from E-Mart revealed that E-Mart and Hakchoban will each own 50 percent of the $4 billion joint venture.
Alibaba Nears $4B E-Commerce Merger With South Korea's E-Mart: Report
Alibaba Group Holding Ltd. BABA -1.18% Get Free Report is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued at approximately $4 billion. This strategic move aims to bolster their position in South Korea’s competitive online retail market.
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.
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 base in groceries and general merchandise.
South Korea's Shinsegae to set up joint venture with Alibaba International
By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) -South Korean retailer Shinsegae plans to set up a joint venture with Alibaba International, Shinsegae affiliate E-Mart said on Thursday. The joint venture will be formed partly by Shinsegae investing its 100% stake in South Korean e-commerce platform Gmarket,
Alibaba, E-Mart to form $4B e-commerce joint venture in South Korea - report
AliExpress International and South Korea-based E-Mart's e-commerce platform Gmarket are forming a 50-50 joint venture, Bloomberg News reported. The companies plan to make additional investments in the joint venture which will own 100% of Gmarket,
Shinsegae partners with Alibaba to set up joint venture
Shinsegae Inc., South Korea's major retailer, said Thursday it has partnered with China's e-commerce giant Alibaba Group Holdings to form a joint venture, aiming to boost competitiveness in the rapidly evolving e-commerce market.
Yahoo19h
Alibaba Plans E-Commerce Joint Venture With South Korea's E-Mart
Chinese e-commerce giant Alibaba will form a joint-venture online shopping operation with South Korean retailer E-Mart.
The Korea Herald2h
Questions arise on how Shinsegae-Alibaba joint venture would create synergy
Starting next year, Shinsegae and Alibaba will merge their e-commerce platforms, Gmarket and AliExpress Korea, under a 50 ...
Business Insider1d
Alibaba, E-Mart To Reportedly Build $4 Bln E-Commerce JV In Korea
(RTTNews) - Alibaba Group Holding Ltd. (BABA) is in discussions with South Korea's E-Mart to create a joint venture to strengthen its position in the nation, according to several media reports.
Digi Times8h
Alibaba, E-Mart to create US$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 ...