AliExpress to receive no commissions from S. Korean partners until Dec.

Alibaba Group's AliExpress said Friday it will receive no commissions from its South Korean partners that sell their products through the Chinese e-commerce retail platform until December for "mutual growth." AliExpress launched the K-Venue marketplace in October to allow small and medium-sized Korean firms to sell home appliances, food and beverages and other daily necessities. The Chinese platform initially adopted the no-commission policy for the benefit of the local partners and consumers. It extended the program twice in March and June, the company said in a statement. In recent years, Chinese e-commerce platforms, including PDD Holdings' Temu and AliExpress, have been aggressive in their marketing to woo customers in Korea away from bigger local rivals, such as Coupang Inc. Source:Yonhapi News Agency