Skip to content

Alibaba eyes debut South Korean investment

Alibaba Group is eyeing its first investment in a South Korean online retail platform to strengthen global e-commerce and boost cross-border trade with China. Alibaba aims to integrate South Korean fashion trends with Chinese products through its investment in Ably Co, operator of the popular women’s fashion app Ably. The investment aligns with Alibaba’s broader strategy to enter the South Korean market, including plans for a logistics center. With a focus on streamlining selling processes, Chinese e-commerce giants are poised to expand their presence in South Korea and beyond, leveraging advanced technology and logistics networks.

Get more news based on your interests