Alibaba (BABA) Group’s AliExpress International agreed to merge its South Korean operations with E-Mart’s e-commerce platform, Gmarket, in a 50-50 joint venture, according to a stock exchange ...

E-Mart shares rose 5.5% in Seoul, giving the company a market value of $1.4 billion. Alibaba’s American depositary receipts climbed as much as 2.1% in New York on Thursday, ...

(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.

Alibaba Group is nearing a deal to merge its South Korean operations with E-Mart's e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News ...

E-Mart's stock jumped about 5% on the Korea Exchange, while Alibaba's shares rose about 3% in Hong Kong. The deal would help the companies compete against domestic rivals including Naver and ...

Meanwhile, E-Mart has been actively growing its e-commerce segment, notably acquiring a controlling interest in eBay Inc.’s EBAY South Korean marketplace in 2021 for roughly $3 billion.

South Korean retailer Shinsegae Group's E-Mart Inc (139480.KS) said on Thursday it plans to acquire an 80% stake in eBay Inc's (EBAY.O) South Korean business for 3.4 trillion won ($3 billion).

-- Alibaba Group and South Korea's E-Mart are close to combining their online-shopping assets in a transaction that would value the new entity at about $4 billion, Bloomberg reports, citing people ...

(Reuters) - South Korean supermarket chain E-mart Inc will close its stores in China due to mounting losses and souring relations between the two countries over the deployment of an anti-missile ...

E-Mart's convenience store chain, E-Mart 24, said Friday it will foray into the Cambodian market next year to tap into the country's economic growth potential. E-Mart 24 plans to open its first ...

SEOUL, Aug. 28 (UPI) --South Korea's convenience store chain E-Mart 24 said Monday that drone delivery services at a store in Gimcheon have begun. The store about 120 miles southeast of Seoul is ...

E-Mart has been expanding its e-commerce business both organically and via acquisitions. In 2021, it acquired a controlling stake in eBay’s South Korean online marketplace for about US$3 billion, ...