Market
Who will be Ably's most significant competitor in South Korea by end of 2025?
2
Resolution / Starting Odds
Coupang • 25%
11st • 25%
Gmarket • 25%
Other • 25%
Market research reports, industry analysis publications
Story
Alibaba Invests 100 Billion Won ($71 Million) in Ably for 5% Stake, Valuing Company at $2.1 Billion
Dec 3, 2024, 09:46 AM
South Korean e-commerce platform Ably has secured a 100 billion won (approximately $71 million) investment from China's Alibaba Group. This investment grants Alibaba a 5% stake in Ably's parent company, ABLY Corp., which is now valued at $2.1 billion. This funding marks Ably as South Korea's first unicorn of 2024. The investment is part of Alibaba's strategy to expand its presence in the South Korean e-commerce market.
View original story
Similar markets
Coupang remains No. 1 • 25%
Other platform becomes No. 1 • 25%
11Street becomes No. 1 • 25%
Alibaba-E-Mart becomes No. 1 • 25%
No • 50%
Yes • 50%
Top 3 • 25%
Below Top 3 • 25%
Top 2 • 25%
Top 1 • 25%
Microsoft Azure AI • 25%
Amazon Web Services AI • 25%
Google Cloud AI • 25%
Other • 25%
Other • 25%
OpenAI • 25%
Google DeepMind • 25%
Microsoft • 25%
Ranked fourth or lower • 25%
Ranked highest • 25%
Ranked second • 25%
Ranked third • 25%
Agriculture grows most • 25%
Technology grows most • 25%
Manufacturing grows most • 25%
Services grow most • 25%
Both tied for 1st • 25%
Coupang 1st, Alibaba-E-Mart 2nd • 25%
Alibaba-E-Mart 1st, Coupang 2nd • 25%
Other Competitor 1st • 25%
Finance • 25%
Other • 25%
Technology • 25%
Retail • 25%
Yes • 50%
No • 50%
Alibaba-E-Mart • 33%
Other Competitor • 34%
Coupang • 33%
Launch new partnerships • 25%
Increase marketing spend • 25%
No significant reaction • 25%
Other strategic moves • 25%