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On December 2nd local time, Korean e-commerce platform ABLY announced that its parent company, ABLY Group, has received a 100 billion Korean won (approximately 510 million yuan) investment from Alibaba. The statement stated that through this investment, Alibaba will acquire a 5% stake in ABLY Group. ABLY stated that after the investment was completed, its enterprise value increased to KRW 3 trillion, making it one of the "unicorn" companies on the list.
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