[Alpha Biz=(Chicago) Reporter Paul Lee] E-commerce platform Cafe24 announced on the 5th that it has attracted investment from Google to expand its YouTube shopping partnership.

According to the disclosure, the amount of investment attraction is 25.9 billion won. It will be proceeded with third-party allocation paid-in capital increase. The number of new shares issued is 1,755,856. The issuing price of new shares is 14,770 won per share. The scheduled date of listing is February 23, 2024.

Through the investment, Cafe24 plans to strengthen its partnership with Google and provide improved video commerce to users, while providing more opportunities for creators and small and medium-sized companies to secure new customers using YouTube as a stepping stone.

 

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