Games & Commerce

11st to launch China reverse cross-border storefront in June, seeks sellers

11st said it will open a dedicated storefront on JD.com’s cross-border e-commerce platform JD Worldwide in mid-June and begin selling products from its merchants. The company said it will run the storefront in a seller-friendly way, handling shipping, customs clearance, delivery, customer service, marketing and tax processing after purchasing products. It also plans to support operations through its China unit and join JD.com promotions such as 618 and Singles’ Day.

Finance

Naver raises 1.62 trillion won with simultaneous dollar and euro green bond issue

Naver said on Tuesday it issued global green bonds simultaneously in U.S. dollars and euros. The offering comprised a $500 million five-year bond and a 500 million euro seven-year bond, totalling $1.1 billion, or about 1.62 trillion won. It secured more than $10 billion of orders from 437 investors. The dollar bond priced at 4.375 percent and the euro bond at 3.750 percent. Proceeds will be used for eco-friendly data centres and energy-efficiency projects.