Alibaba and E-Mart set up $4 billion e-commerce joint venture in South Korea

Alibaba (New York Stock Exchange:DaddyAliExpress International and South Korea-based E-Mart’s e-commerce platform Gmarket are forming a 50-50 joint venture, Bloomberg News reported.

The two companies plan to make additional investments in the joint venture that will own 100% of Gmarket, according to the report He addedCiting stocks