Alibaba sells its 78.7% stake in Sun Art Retail for $1.6 billion, focusing on core e-commerce amid rising competition.

This venture is expected to launch next year. Interestingly, while the two companies are joining forces, AliExpress Korea and Gmarket will still operate separately. According to E-Mart's parent ...

Alibaba Group plans to sell its more than 70% stake in Sun Art, operator of RT-Mart and M-Club stores in China, for $1.6 ...

Alibaba Group Holding Ltd. is nearing a deal to merge its South Korean operations with E-Mart Inc.’s e-commerce platform to ...

Chinese e-commerce giant Alibaba will form a joint-venture online shopping operation with South Korean retailer E-Mart. Does ...

The JV will work with Alibaba to expand Gmarket, an online shopping platform of billionaire Chung Yong-jin’s Shinsegae.

Shinsegae Group and Alibaba International will form a $4 billion joint venture in 2025 to run their e-commerce sites, Gmarket ...

Shinsegae and Alibaba form joint venture to boost e-commerce competitiveness Retail titans join forces to enhance online ...

Alibaba Group Holding Ltd. BABA is reportedly close to merging its South Korean operations with E-Mart Inc. in a deal valued ...

The new entity, “Grand Opus Holding,” will launch in 2025 with equal ownership between Shinsegae and Alibaba’s international ...

In a strategic move to strengthen its position in South Korea's competitive e-commerce market, Alibaba Group ( BABA, ...