Alibaba Acquires NetEase Kaola For $2B Eyeing China’s ‘Infant’ Import E-Commerce Market September 6, 2019

Alibaba Group Friday announced the acquisition of Kaola, an import e-commerce platform operated by NetEase, for about US$2 billion, paving the way for the two internet companies to further identify and explore business collaborations. Alvin Liu, the import and export general manager of Alibaba’s business-to-consumer (B2C) online marketplace Tmall.com, has been named as Kaola’s new […]

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