SEOUL, Mar. 15 (Korea Bizwire) – The Alibaba Group, parent company of the online shopping platform AliExpress, has announced its intention to set up an integrated logistics center in South Korea by the end of this year, sparking interest in the location and structure of the new facility. Logistics experts suggest that, given the lengthy process [...]
Yiwu, China, Jun. 20 (Korea Bizwire) – Alibaba Group has entered into a strategic collaboration with the municipal government of Yiwu, Zhejiang Province, China to launch an eWTP hub in Yiwu to digitize trade infrastructure and empower new trade flows for the city, which is the world’s largest wholesale market. This collaboration between Alibaba Group, operator [...]
Kuala Lumpur, Jun. 19 (Korea Bizwire) — Alibaba Business School today hosted its first-ever Asian reunion for eFounders Fellowship and Alibaba Netpreneur Training Programs Graduates in Kuala Lumpur, Malaysia. Over 200 entrepreneurs and participants from Southeast Asia participated in this event to learn and network with up-and-coming entrepreneurs around the region and celebrate their success [...]
SEOUL, Feb. 11 (Korea Bizwire) – S.M. Entertainment said Thursday it has formed a strategic partnership with Alibaba Group. Under the deal, the Chinese e-commerce giant will buy 870,000 of S.M.’s newly issued stocks for 35.5 billion won (US$29.8 million), the South Korean management agency said in a regulatory filing. That means Alibaba will own [...]
SEJONG, May 18 (Korea Bizwire) – Chinese e-commerce giant Alibaba Group on Monday opened a shopping platform in South Korea that promises local companies a chance to make headway in the world’s second-largest economy, the government said. The launch of the business-to-consumer Tmall shopping platform is aimed at selling South Koreans agricultural and manufactured goods as well [...]
SEOUL, May 15 (Korea Bizwire) – Samsung Electronics, South Korea’s top smartphone maker, managed to stay on the top 10 list of global tech players this month in terms of market capitalization but suffered a one notch decline from end-2014 apparently due to a plunge in earnings. Samsung ranked No. 10 among other major tech [...]
“South Korea is the only major global trading nation to have FTAs with the United States, the European Union and China. This uniqueness makes Korea an ideal base for global enterprises seeking market access to the three largest economies in the world. With Alibaba’s ongoing strategy to expand its presence in the global market, it [...]