Shinsegae Group and Alibaba International to form a $4bn joint venture.

Synopsis

Shinsegae Group, a department store, and Alibaba International, an online shopping app, agreed to form a $4bn joint venture. Financial terms were not disclosed.

Principals

target

Shinsegae Group / Alibaba International Joint Venture

bidder

Alibaba Group Holding

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Market Context

MergerLinks - Shinsegae Group and Alibaba International to form a $4bn joint venture.