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Alibaba's $71M Bet On Ably Corp Turns It Into South Korea's First Unicorn of 2024
Monday, December 2, 2024 - 4:58am | 587Chinese e-commerce company Alibaba Group Holding Ltd (NYSE:BABA) has invested $71.4 million or 100 billion Korean won in the South Korean apparel brand Ably Corp. What Happened: Ably is now South Korea’s first unicorn of 2024, with the deal valuing the company at over $1 billion, as per a...