South Korea's Shinsegae to set up joint venture with Alibaba International

Shinsegae to set up joint venture with Alibaba

Shinsegae Group announced a strategic partnership with Alibaba International on Thursday to establish a joint venture. This collaboration aims to strengthen their positions in the competitive Korean e-commerce market.

South Korea’s Shinsegae to set up joint venture with Alibaba International

SEOUL (Reuters) – South Korean retailer Shinsegae Group 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, it said in a regulatory filing. AliExpress Korea and Gmarket will be incorporated into the joint venture, which will be set up in 2025. But the two platforms wil…

South Korea's Shinsegae to set up joint venture with Alibaba International

SEOUL : South Korean retailer Shinsegae Group 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 per cent stake in South Korean e-commerce platform Gmarket, it said in a regulatory f

South Korean Shinsegae to partner with Alibaba Group | Retail News South Korea

China’s Alibaba Group and the Korean department store chain Shinsegae have partnered strategically to improve Shinsegae’s standing in the South Korean e-commerce sector. The company reportedly stated in a regulatory filing that Shinsegae will contribute its 100 per cent ownership in the South Korean e-commerce site Gmarket to the joint venture. In 2025, the joint […] The post South Korean Shinsegae to partner with Alibaba Group appeared first on…

ក្រុមហ៊ុនកូរ៉េខាងត្បូង គ្រោងបង្កើតក្រុមហ៊ុនបណ្តាក់ទុនរួមគ្នាជាមួយ Alibaba​ International នៅឆ្នាំ២០២៥​ ខាងមុខ

(បរទេស)៖​ ក្រុមហ៊ុន Shinsegae Group ដែលជាក្រុមហ៊ុនលក់រាយរបស់កូរ៉េខាងត្បូងដ៏លេចធ្លោមួយ បានប្រកាសពីភាពជាដៃគូជាមួយ Alibaba International ដើម្បីបង្កើតការបណ្តាក់ទុនរួមគ្នាក្នុងគោលបំណងពង្រឹងមុខតំណែងរបស់ពួកគេនៅក្នុងទិដ្ឋភាពពាណិជ្ជកម្មអេឡិចត្រូនិចដ៏ប្រកួតប្រជែងរបស់ប្រទេសកូរ៉េខាងត្បូង។ ក្រុមហ៊ុនបណ្តាក់ទុនរួមគ្នានេះ ត្រូវបានគេបង្ហើបថាមានឈ្មោះ Grand Opus Holdings គ្រោងនឹងរួមបញ្ចូលគ្នានៅឆ្នាំ២០២៥​ ខាងមុខ។ នេះបើយោងតាមការចេញផ្សាយដោយ CNA នៅថ្ងៃទី២៧ ខែធ្នូ ឆ្នា…

Alibaba Partners with eBay's Former Marketplace in S. Korea

Weeks after Alibaba consolidated all of its domestic- and international-ecommerce business units to defend against the likes of Temu, it is partnering with Shinsegae Group in Korea, which owns E-Mart’s ecommerce platform Gmarket, formerly owned by eBay. The two companies will combine the assets of AliExpress Korea and Gmarket to form a 50-50 joint venture, […]