SEOUL -- China's Alibaba Group Holding will invest $1.1 billion over the next three years to create a logistics network in South Korea, aiming to take on local e-commerce giant Coupang by leveraging low prices and speedy deliveries.
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Alibaba to take on Coupang with $1.1bn investment in South Korea
Chinese e-commerce giant to build logistics network for speedy deliveries
Alibaba will set up a local purchasing department to help boost exports for small South Korean businesses. (Photo by Tomoko Wakasugi)
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