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E-commerce

China’s Alibaba acquires 5% of Ably in 1st equity investment in Korean firm

Chinese online shopping giant Alibaba Group Holding Ltd. has invested 100 billion won ($71.4 million) in South Korea’s top women’s clothing app operator Ably Corp., securing a 5% stake to tap into the nation’s booming online fashio

Dec 02, 2024 (Gmt+09:00)

2 Min read