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    Home > Uncategorized > Alibaba nears $4 billion JV deal with S.Korea’s E-Mart, Bloomberg News reports
    Uncategorized

    Alibaba nears $4 billion JV deal with S.Korea’s E-Mart, Bloomberg News reports

    Published by Uma Rajagopal

    Posted on December 26, 2024

    1 min read

    Last updated: January 27, 2026

    The image illustrates the upcoming $4 billion joint venture between Alibaba and E-Mart, highlighting the significance of this merger in the South Korean e-commerce landscape.
    Alibaba and E-Mart's joint venture deal in South Korea - Global Banking & Finance Review
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    Tags:partnershipe-commercejoint ventureretail trade

    Quick Summary

    (Reuters) -Alibaba Group 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.

    (Reuters) -Alibaba Group 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.

    The companies are finalizing details of the deal, which could be announced as soon as this week, the report added, citing people familiar with the matter.

    Alibaba and E-Mart did not immediately respond to Reuters’ requests for comment.

    Last week, Alibaba said it would sell its Chinese department store unit Intime and book a $1.3 billion loss from the deal, as the retail giant reshuffles its business portfolio to focus on its core e-commerce operations.

    (Reporting by Mrinmay Dey in Bengaluru; Editing by Abinaya Vijayaraghavan)

    Frequently Asked Questions about Alibaba nears $4 billion JV deal with S.Korea’s E-Mart, Bloomberg News reports

    1What is a joint venture?

    A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing both the risks and profits.

    2What is e-commerce?

    E-commerce refers to the buying and selling of goods or services using the internet, which includes online shopping, electronic payments, and online auctions.

    3What is a merger?

    A merger is a business strategy where two companies combine to form a single entity, often to enhance competitiveness, increase market share, or achieve synergies.

    4What is market valuation?

    Market valuation is the process of determining the current worth of an asset or company based on market conditions, investor perceptions, and financial performance.

    5What is a business portfolio?

    A business portfolio is a collection of investments, projects, or business units that a company manages to achieve its strategic objectives and maximize returns.

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