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Gmarket’s struggles lead Shinsegae to Alibaba alliance
Gmarket, the e-commerce unit of South Korea’s Shinsegae Group, has joined forces with China’s Alibaba to seek a turnaround amid persistent financial struggles. Shinsegae announced Dec. 26 that ...
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Shinsegae, Alibaba to form joint venture for Gmarket, AliExpress Korea
Shinsegae Group and Alibaba International will form a joint venture in 2025 to run their respective e-commerce sites, Gmarket and AliExpress Korea, as the Korean and Chinese retail giants seek to ...