In today’s briefing:
- A Potential JV Between E Mart and Alibaba’s Korean Operations Could Value the JV at About $4 Billion
A Potential JV Between E Mart and Alibaba’s Korean Operations Could Value the JV at About $4 Billion
- On 26 December, Reuters mentioned that E Mart could announce a major JV announcement with Alibaba Group Holding’s Korean operations that could value the JV at about $4 billion.
- The official launch of the JV is expected to take place sometime in 1H 2025. Gmarket and AliExpress Korea will become subsidiaries of this JV.
- Although this is not a done deal, this potential JV between Gmarket and AliExpress Korea is likely to have a positive impact on E Mart Inc (139480 KS).
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