Alibaba Poised for $4 Billion Acquisition of South Korea's E-Mart: What This Means for the Retail Sector

In a significant strategic move, Alibaba Group Holding Ltd. is reportedly nearing a substantial deal valued at approximately $4 billion to acquire a controlling stake in E-Mart, South Korea's leading hypermarket chain. This acquisition, if finalized, is anticipated to reshape the competitive landscape of the retail sector in South Korea and enhance Alibaba's presence in the e-commerce market.

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