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 ...

Alibaba (BABA) Group’s AliExpress International agreed to merge its South Korean operations with E-Mart’s e-commerce platform, Gmarket, in a 50-50 joint venture, according to a stock exchange ...

The two retail giants will each have 50 percent of shares in the joint venture, which will include AliExpress Korea and Gmarket as its subsidiary, according to Shinsegae Group on Thursday. Gmarket and ...

Update: The story was updated with Gmarket declining to comment. Alibaba's (NYSE:BABA) AliExpress International and South Korea-based E-Mart's e-commerce platform Gmarket are forming a 50-50 joint ...

“The company will work with Alibaba to expand Gmarket’s services and improve customer experience,” E-Mart’s filing said. Gmarket is Shinsegae’s online shopping platform. Gmarket’s ...

AliExpress International and Gmarket are creating a 50-50 JV, according to a stock exchange filing by E-Mart which confirmed a report by Bloomberg News. The companies plan to make further ...

Alibaba and E-mart will combine the assets of their separate e-commerce platforms, AliExpress Korea and Gmarket, to form a 50-50 joint venture, E-mart said in a regulatory filing Thursday.