Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B (Manuel Baigorri/Bloomberg) https://bit.ly/3ZSrsUv
Manuel Baigorri / Bloomberg:
Alibaba agrees to merge its South Korean operations with E-Mart's Gmarket, creating a 50-50 joint venture; sources say the new company could be valued at ~$4B — - Companies announce JV deal in Korea, confirming earlier report — Alibaba seeks inroads abroad as growth slows in China
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