Alibaba and South Korea’s E-Mart are close to combining their online-shopping assets in a transaction that would value the new entity at about $4 billion, the people said, asking not to be identified because the deliberations are private. The companies are finalizing details of a joint-venture deal that could be announced as soon as this week, the people said.
$Alibaba(09988)$
$Sea Ltd(SE)$
$XIAOMI-W(01810)$
$Pony AI Inc(PONY)$
$Amazon.com(AMZN)$
💰 Stocks to watch today?(27 Dec)
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Comments
E-Mart shares have dropped about 7% this year, valuing the company at $1.4 billion. Alibaba’s Hong Kong-listed stock has gained around 11% this year, giving the company a market value of more than $200 billion.
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