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 ...

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 ...

Emart announced on the 25th that it will merge with Emerald SPV Co., Ltd. Emerald SPV is a special purpose company established for the acquisition of Gmarket, in which Emart holds 100% equity.

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