Alibaba nears deal to merge S.Korean operations with E-Mart in $4 billion deal, Bloomberg News reports
Published by Global Banking & Finance Review®
Posted on December 26, 2024
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on December 26, 2024
1 min readLast updated: January 27, 2026

Alibaba is close to merging its South Korean operations with E-Mart, forming a $4 billion joint venture. Talks are ongoing, according to Bloomberg.
(Reuters) - Alibaba Group Holding is nearing a deal to merge its South Korean operations with E-Mart's e-commerce platform in a transaction that would value the new joint venture at about $4 billion, Bloomberg News reported on Thursday.
Talks are still ongoing and an agreement may take longer to be reached, the report added, citing people familiar with the matter.
(Reporting by Mrinmay Dey in Bengaluru; Editing by Abinaya Vijayaraghavan)
The main topic is Alibaba's potential merger with E-Mart in South Korea, valued at $4 billion.
The merger is valued at approximately $4 billion.
The news was reported by Bloomberg, citing sources familiar with the matter.
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