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Alibaba acquires NetEase Kaola in deal worth $2 billion

Alibaba acquires NetEase Kaola in deal worth billion Alibaba Group said today it has acquired NetEase Kaola for $2 billion and will integrate it into Tmall, creating the largest cross-border e-commerce platform in China. The announcement follows weeks of media reports about a potential deal, which was said to have stalled in […]

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Alibaba reportedly near finalizing a deal to acquire NetEase’s cross-border e-commerce unit

Alibaba reportedly near finalizing a deal to acquire NetEase’s cross-border e-commerce unit After weeks of media reports, Alibaba may finally be nearing an agreement to acquire NetEase’s cross-border e-commerce unit, Kaola. Chinese tech news website 36kr reports that a deal may be announced as early as this week and is expected to […]

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