Shinsegae and Alibaba Form E-Commerce Alliance, Raising Stakes for Coupang In a groundbreaking move that has captured the attention of the South Korean e-commerce landscape, Shinsegae Group and China’s Alibaba Group have announced a strategic e-commerce alliance set to shake up the market dynamics. The joint venture, revealed on January 6, combines Shinsegae’s popular Gmarket […]
Alibaba
Alibaba expands to South Korea by acquiring 5% of Ably
Alibaba, the Chinese online shopping giant Alibaba Group Holding Ltd. has invested 100 billion won (around US$71 million) for a 5% stake in Ably, a leading South Korean fashion e-commerce platform, marking its first investment in a Korean shopping app. Alibaba’s investment is part of its broader strategy to expand in South Korea’s e-commerce sector, […]