[Featured Stock] CJ Logistics Expected to Benefit from Gmarket-Alibaba Joint Venture... Surges Over 8%
![[Featured Stock] CJ Logistics Expected to Benefit from Gmarket-Alibaba Joint Venture... Surges Over 8%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
CJ Logistics is showing strength on expectations of benefits from the joint venture between Gmarket and AliExpress.
As of 9:42 AM on the 27th, CJ Logistics is trading at 88,100 KRW, up 8.50% from the previous session.
CJ Logistics has a strategic partnership with the Shinsegae Group and handles deliveries for Gmarket, Auction, and SSG.com, as well as processing about 80% of the Korean parcel volume for Alibaba Group's AliExpress.
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Younghoon Joo, a researcher at NH Investment & Securities, stated, "The immediate increase in logistics volume from the joint venture between Gmarket and AliExpress is limited, but there is an opportunity for volume growth depending on future synergy creation. If the joint venture's market share in the domestic e-commerce market rises and cross-border direct purchases expand, it will be an opportunity factor for CJ Logistics."
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