Alibaba, E-Mart to Create $4 Billion E-Commerce JV in Korea [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
Most Read from Bloomberg 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 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
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- PDD Holdings Falls 33.4% in 2024: Time for a Comeback in 2025? [Yahoo! Finance]Yahoo! Finance
- 2 Brilliant Stocks to Buy and Hold for 10 Years [Yahoo! Finance]Yahoo! Finance
- South Korea's Shinsegae to set up joint venture with Alibaba International [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Investors in eBay (NASDAQ:EBAY) have seen decent returns of 92% over the past five years [Yahoo! Finance]Yahoo! Finance
- South Korea's Shinsegae to set up joint venture with Alibaba International [CNBC]CNBC
EBAY
Earnings
- 10/30/24 - Beat
EBAY
Sec Filings
- 1/2/25 - Form 144
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- EBAY's page on the SEC website