Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea

Published on 31 May 2024 on Benzinga via Yahoo Finance

Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea

Alibaba Group Holding Limited (NYSE:BABA), through its online platform AliExpress, has significantly increased its presence in South Korea, doubling its users to 8.58 million by April, according to Wiseapp.

Alibaba earmarked $1.1 billion for South Korea to build a new logistics center. This expansion comes amid fierce competition from domestic e-retailer Coupang, Inc (NYSE:CPNG), which is aggressively investing in advanced technologies and logistics to maintain its market share, taking a cue from Amazon.Com Inc (NASDAQ:AMZN).

Read the rest of the article

NYSE.BABA price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

News

Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea

NYSE.BABA price evolution

Want to become a better investor?

Alibaba Group Holding Limited (NYSE:BABA) Claims New AI Translation Tool...

Alibaba Group Holding Limited (BABA): A Bull Case Theory

Alibaba Group Holding Limited (BABA): AI-Driven Growth and Financial Enhancement

Is Alibaba Group Holding Limited (BABA) the Best Cheap Beginner Stock to Invest...

Alibaba Group Holding Limited (BABA): Analysts Are Bullish On This Undervalued...

Alibaba Group Holding Limited (BABA): The Best Undervalued Stock According to...

Alibaba Group Holding Limited (BABA) is Attracting Investor Attention: Here is...

Alibaba's (BABA) Promotional Campaign to Boost Global Footprint

Investors Heavily Search Alibaba Group Holding Limited (BABA): Here is What You Need to Know

Alibaba and Coupang Intensify E-Commerce Battle with Major Investments in South Korea