Alibaba Wants To Invest $923 Million To Build Commercial Complexes And Logistics Projects In Korea.

The media did not mention sources in the article.

Reuters quoted East Asia daily as saying that the Alibaba group is in talks with Inchon city. The total investment of the project is one trillion won, equivalent to 923 million US dollars.

It is not known whether the negotiation will take place at any stage.

The newspaper reported that the two sides built

It includes a shopping center, a hotel and a logistics park.

According to reports, Alibaba group and Inchon municipal government will invest half of the apportionment projects.

The report has not yet been confirmed whether the report is true. The Inchon side said it was verifying whether the news was true.

After listing in the United States, Alibaba group has begun the pace of internationalization of business.

So far, the first place of internationalization is the United States. Alibaba has opened a network store in the United States and invested in a series of technology companies.

According to previous media reports, Alibaba related businesses have begun to set foot in the Korean market, including Internet based cooperation.

And other businesses.

At the end of last year, there was also a news that Alibaba might invest 560 million yuan in the Korean SM entertainment company, but later the news was denied.