SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Group and China’s Alibaba Group have joined forces to form a strategic e-commerce alliance, a move that has drawn close attention from Coupang, South Korea’s market leader in online retail. The partnership, announced on January 6, could significantly alter the competitive dynamics of the e-commerce sector. Coupang’s senior [...]
SEOUL, Jan. 6 (Korea Bizwire) — Chinese businesses are making significant inroads into South Korea, diversifying their presence across retail, electric vehicles (EVs), e-commerce, and consumer electronics. This trend reflects a broader shift as Chinese companies seek to offset slowing domestic growth and navigate rising trade barriers in the U.S. and Europe. Retail Resurgence: Miniso’s [...]
SEOUL, Dec. 27 (Korea Bizwire) — Shinsegae Group has announced a strategic partnership with China’s Alibaba Group, forming a joint venture to bolster its position in South Korea’s highly competitive e-commerce market. The new entity, “Grand Opus Holding,” will launch in 2025 with equal ownership between Shinsegae and Alibaba’s international subsidiary. The partnership integrates Shinsegae’s [...]
SEOUL, Jul. 22 (Korea Bizwire) — Alibaba.com, China’s largest online marketplace, said Monday it will open an exclusive website for South Korean companies next month, reflecting a growing demand from B2B buyers for Korean-made products. Korean products have been available at the Chinese platform, but there has been no such site that showcases only the [...]
SEOUL, Jul. 3 (Korea Bizwire) — Alibaba.com, China’s largest online marketplace, said Wednesday it will open an exclusive website for South Korean companies in the second half, reflecting a growing demand from B2B buyers for Korean-made products. Korean products have been available at the Chinese platform, but there has been no such site that showcases [...]
SEOUL, Mar. 25 (Korea Bizwire) – Alibaba Group, the Chinese e-commerce behemoth behind platforms like AliExpress, has announced plans to invest $200 million to establish a logistics center in South Korea, setting off alarm bells across the country’s e-commerce and logistics industries. The move to secure a Korean logistics hub, the first since Alibaba’s entry into [...]
PETALING JAYA, Malaysia, April 23 (Korea Bizwire) — Toga Limited (OTC: TOGL), and its award-winning flagship mobile app, Yippi, was recognized by Alibaba Cloud and its listing amongst 28 companies in the “Global Industry Best Practices on Alibaba Cloud” eBook published on 26 March 2021. “TOGA is proud of Yippi’s recognition by Alibaba Cloud during [...]
SEOUL, Jun. 11 (Korea Bizwire) — Chinese commerce giant Alibaba Group said Monday it will lend full support to South Korean companies wanting to expand their presence in the world’s second-largest market. South Korea was the fourth-largest exporter on Alibaba’s cross-border e-commerce platform, Tmall Global, in 2017, following Japan, United States and Australia, the company [...]
SEOUL, NOV. 22 (Korea Bizwire) – Samsung SDS is branching out into the Chinese distribution industry after signing a business agreement with the Guangzhou Post Office. The latest move by Samsung’s information technology affiliate will see the company work with Chinese shopping websites to deliver products around the globe. According to industry statistics, China’s e-commerce market [...]
Will Ross, CEO of Lazada Crossborder, speaks during a press conference in Seoul on Nov. 7, 2017. (image: Lazada Group) SEOUL, Nov. 7 (Korea Bizwire) — Lazada Group, which runs the largest online shopping platform in Southeast Asia, said Tuesday it is looking for South Korean companies who will sell their products in the growing [...]