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Alibaba, South Korea City In Talks For 1 Trillion Won Joint Investment: Paper

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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The logo of the Alibaba Group is seen inside the company's headquarters in HangzhouSEOUL (Reuters) - China's Alibaba Group Holding Ltd is in talks with the South Korean city of Incheon for a 1 trillion won (about $923 million) joint investment on a new business complex, the Dong-A Ilbo daily reported on Monday. The paper, without citing direct sources, said the complex would include a major shopping mall as well as a hotel and a logistics center. Alibaba and Incheon would contribute equal funding for the complex, according to the report. Alibaba could not be immediately reached for comment, while an Incheon city spokeswoman said she was checking on the veracity of the ...




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