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.

-- 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 ...

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 sanctioned by the country's antitrust agency for forcing franchisees of its convenience store subsidiary, Emart24, to operate at night despite the stores losing money when doing so ...

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 ...

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, ...