[Company] Shinsegae Group Partners With Alibaba...Establishment of a 5/5 joint venture

2024.12.26. PM 10:58
Font size settings
Print Suggest Translation Improvements
[Translated by AI] 파파고 AI 자동번역을 이용한 서비스입니다. 번역 오류는 신고해 주세요.
Shinsegae Group has decided to join hands with China's Alibaba International.

The two companies said they will set up a joint venture, Grand Opus Holding, with a 5-to-5 investment ratio next year and incorporate Gmarket and AliExpress Korea as subsidiaries.

Once the cooperation is implemented, Gmarket sellers will have the opportunity to leverage the Alibaba platform to introduce their products to more than 200 countries in the future.

Shinsegae Group said the partnership will expand its presence in the global market and lay the foundation for new growth in domestic e-commerce.



※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr


[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]

The Latest News

Editor's News

Entertainment

Game