Alibaba, E-Mart to form $4B e-commerce joint venture in South Korea – report

Alibaba’s (NYSE:BABA) AliExpress International and South Korea-based E-Mart’s e-commerce platform Gmarket are forming a 50-50 joint venture, Bloomberg News reported.

The companies plan to make additional investments in the joint venture which will own 100% of Gmarket, the report added, citing a stock