Loading...
Market
What will be the source of the next major investment in Ably by mid-2025?
3
Resolution / Starting Odds
From a Chinese company • 25%
From a US company • 25%
From a South Korean company • 25%
From other regions • 25%
Official announcements, business news outlets
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
Andreessen Horowitz (a16z) • 25%
Magic Johnson • 25%
Twine Ventures • 25%
Other • 25%
SoftBank • 25%
Sequoia Capital • 25%
General Catalyst • 25%
Other • 25%
Venture Capital Firm • 25%
Private Equity Firm • 25%
Corporate Investor • 25%
Other • 25%
Nat Friedman • 25%
Daniel Gross • 25%
Lux Capital • 25%
New Investor • 25%
Galaxy Digital • 25%
Dragonfly • 25%
ParaFi Capital • 25%
Other • 25%
Google • 25%
Amazon • 25%
Tencent • 25%
Other • 25%
Sequoia Capital • 25%
Andreessen Horowitz • 25%
SoftBank • 25%
Other • 25%
New Enterprise Associates • 25%
Andreessen Horowitz • 25%
Sequoia Capital • 25%
Other • 25%
New tech startup • 25%
Real estate • 25%
Automotive industry • 25%
Other • 25%
NEA • 25%
Jeff Bezos • 25%
New major investor • 25%
No clear lead investor • 25%
Lightspeed Venture Partners • 25%
Nvidia • 25%
Y Combinator • 25%
Other • 25%
