Alibaba to take on Coupang with USD 1.1 billion investment in South Korea
China’s Alibaba Group will invest USD 1.1 billion over the next three years to create a logistics network in South Korea, aiming to take on local e-commerce giant Coupang by leveraging low prices and speedy deliveries. South Korea’s Yonhap News Agency reported the plans. Alibaba started its South Korean e-commerce…
bubmagMarch 30, 2024