AliExpress is launching its "Double 11" shopping festival in South Korea, offering significant discounts of up to 80% and a chance to win four Tesla Model Y vehicles. The platform will also feature a pop-up store in Seoul and has seen substantial growth in the Korean market, becoming the top cross-border e-commerce platform by payment volume. AliExpress is focusing on brand investment and localization in Korea, aiming for a 50% annual growth in brand numbers and GMV over the next three years. AI
RANK_REASON This is a product promotion and marketing event by a e-commerce platform, not a core AI release or significant industry shift.
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