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Investor's Business Daily

Investor's Business Daily

Alibaba Plans E-Commerce Joint Venture With South Korea's E-Mart

Investor's Business Daily
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Alibaba and E-Mart will combine the assets of their separate e-commerce platforms in South KoreaAliExpress Korea and Gmarket — for the venture.

The joint venture could be valued at about $4 billion , according to Bloomberg , which cited anonymous sources.

Alibaba stock nudged higher in early Thursday trading following the news.