Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Citi Appoints Ryan Ellis as Head of Markets Sales for Australia and New Zealand 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Treasury Wine Estates Shares Plunge on Earnings Warning Amid U.S. and China Weakness 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Shell M&A Chief Exits After BP Takeover Proposal Rejected 
Portal operator Naver Corp. and retail giant Shinsegae Group will swap shares in a deal valued at 250 billion won to strengthen their foothold in the highly competitive e-commerce sector.
Naver will purchase 150 billion won worth of stocks in Shinsegae's discount store chain operator E-Mart Inc. for a 2.96 percent share and buy 100 billion won worth of fashion retailer Shinsegae International Inc. for a 6.85 percent stake.
Meanwhile, E-Mart and Shinsegae will purchase 250 billion won worth of Naver shares for a combined 0.4 percent share.
Shinsegae Group Vice Chairman Chung Yong-jin and top portal operatorNaver co-founder Lee Hae-jin agreed on an e-commerce collaboration in January.
In October, Naver had a share swap agreement worth 600 billion won with logistics giant CJ Group to enhance competitiveness in the e-commerce and entertainment industries.
Coupang Inc.'s successful debut on the New York Stock Exchange last week, which raised $4.6 billion, intensified competition in South Korea's online retail sector.
Coupang's rise has prompted South Korea's e-commerce players to seek partnerships, mergers and acquisitions, and IPOs.
