Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance
with E-Mart Inc.'s e-commerce platform to better compete in the country's fast-paced online retail sector. Most Read from Bloomberg Ho Chi Minh City Opens First Metro Line After Years of Delay AliExpress International and Gmarket are creating a 50-50 JV, according to a stock exchange filing by E-Mart which confirmed a report by Bloomberg News. The companies plan to make further investments in the JV, which will own 100% of Gmarket. Both Gmarket and AliExpress Korea will continue to operate their platforms independently. The new entity could be valued at about $4 billion, people familiar with the matter told Bloomberg, asking not to be identified discussing confidential information. 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, bringing this year's gains to more than 11% and valuing the firm at $206 billion. The deal would help the companies face of
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BABA
Earnings
- 11/15/24 - Beat
BABA
Sec Filings
- 12/20/24 - Form 6-K
- 12/17/24 - Form 6-K
- 12/13/24 - Form 6-K
- BABA's page on the SEC website