Shinsegae chairman to get risk in E-Mart for $145m
Mr. Zheng presently holds 18.56% of the shares of South Korea’s biggest price cut store, ending up being the biggest investor of South Korea’s biggest price cut store.
Alibaba and South Korea's E-Mart reach US$4 billion e-commerce joint deal
The venture aims to compete with local e-commerce leaders such as Naver Corp. and Coupang Inc.
Shinsegae's Emart discount chain and Alibaba establish Korean joint venture
Shinsegae's logo hangs outside the company's department store in Seoul, South Korea. SeongJoon Cho/Bloomberg SSouth Korean discount chain E-Mart, a unit of tycoon Chung Yong-jin's retail group Shinsegae, has agreed to form
Alibaba reportedly to merge with South Korea's E-Mart in $4 billion deal
Sources familiar with the matter said a deal could be finalized and announced as early as this week.