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BABA-W Invests in S Korean E-commerce ABLY with ~RMB510M
South Korean e-commerce platform ABLY said parent company ABLY Group received a KRW100 billion (equivalent to about RMB510 million) equity investment from BABA-W (09988.HK) (BABA.U...
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BABA-W Invests in S Korean E-commerce ABLY with ~RMB510M
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South Korean e-commerce platform ABLY said parent company ABLY Group received a KRW100 billion (equivalent to about RMB510 million) equity investment from BABA-W (09988.HK)  -2.250 (-2.557%)    Short selling $934.98M; Ratio 17.722%   (BABA.US)      .

Through the investment, Alibaba will reportedly seize a 5% stake in ABLY Group. ABLY plans to continue to secure KRW100 billion of investment from Silicon Valley and overseas sovereign wealth funds, starting with the attraction of Alibaba's investment.

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According to ABLY, the investment will increase its corporate value to KRW3 trillion, placing it on the list of “unicorn” companies.

ABLY Group operates ABLY, a women's style e-commerce platform; 4910, a men's fashion mall; and Amood, a Japanese fashion mall.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-12-13 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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