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AliExpress Targets to Attract 50%+ E-commerce Users in S Korea Within 5 Yrs
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Ray Zhang, the representative in South Korea at AliExpress, a subsidiary of BABA-W (09988.HK), commented that the platform will aim to attract more than half of South Korea's e-commerce users in three to five years. He said AliExpress can help South Korean small and medium-sized enterprises develop overseas markets with its global network, as it currently provides services in more than 180 countries and regions. According to IGAWorks, a data service provider in South Korea, the number of monthly active users of AliExpress was 6.69 million in August, ranking third in South Korea, behind South Korea's homegrown e-commerce platform Coupang's 31.38 million users and 11Street's 7.68 million users. AliExpress has previously notified the South Korean government of its plan to establish a logistics centre in South Korea, and Zhang said specific details are expected to be announced in 1H25. The platform will work with South Korean partners to push forward the project. AAStocks Financial News |
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