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Alibaba plans to invest $1.1 billion in South Korea: report – The Economic Times

Alibaba plans to invest $1.1 billion in South Korea: report – The Economic Times

SECTIONSAlibaba plans to invest $1.1 billion in South Korea: reportReutersSynopsisThe Chinese ecommerce giant plans to spend $200 million this year on building the logistics center and $100 million to help small and mid-sized South Korean firms sell their products overseas.APAlibabaGroup plans to invest $1.1 billion in South Korea over the next three years to build a logistics center and expand businesses, South Korean news agency Yonhap reported on Thursday, citing… 

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