Alibaba Is Said to Near $4 Billion Deal With Korea's E-Mart [Yahoo! Finance Canada]
Coupang, Inc. Class A (CPNG)
Company Research
Source: Yahoo! Finance Canada
Most Read from Bloomberg Alibaba 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, the people said, asking not to be identified because the deliberations are private. The companies are finalizing details of a joint-venture deal that could be announced as soon as this week, the people said. Talks are still ongoing and an agreement may take longer to be reached, the people said. Representatives for Alibaba and E-Mart didn't immediately respond to requests seeking comment. A potential deal would help the companies face off against local rivals including Naver Corp. and Coupang Inc. This month, South Korea's consumer confidence dropped by the most since the outbreak of Covid-19, battered by the political turmoil triggered by President Yoon Suk Yeol's declaration of martial law and his impeachment. Alibaba has been seeking to expand its international footprint to make up for slower gro
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News
- Alibaba Is Said to Near $4 Billion Deal With Korea's E-Mart [Yahoo! Finance]Yahoo! Finance
- Coupang Insiders Sell US$10m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- Here Are Billionaire Stanley Druckenmiller's 5 Biggest Stock Holdings [Yahoo! Finance]Yahoo! Finance
- 10 Areas Where VCs Are Looking To Invest In 2025 [Forbes]Forbes
- Returns Are Gaining Momentum At Coupang (NYSE:CPNG) [Yahoo! Finance]Yahoo! Finance
CPNG
Earnings
- 11/5/24 - Beat
CPNG
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/12/24 - Form SC
- CPNG's page on the SEC website