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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 just gave Chinese youth another reason to never leave their desk

Alibaba just gave Chinese youth another reason to never leave their desk People in China have a host of reasons not to go outdoors these days. They may be too busy to leave their office, wary of air pollution or have chosen to live isolated lives. Among them is an expanding young […]

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Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push

Alibaba rival JD sees Singles’ Day revenue jump 27% thanks to offline push Alibaba may have pioneered the concept of Singles’ Day, the world’s largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba’s biggest rival in China, just announced that it sold RMB 159.8 billion […]

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Starbucks partners with Alibaba on coffee delivery to boost China business

Starbucks partners with Alibaba on coffee delivery to boost China business Starbucks is palling up with Alibaba as it seeks to rediscover growth for its business in China. China has been a bright spot for some time for the U.S. coffee giant, but lately it has struggled to maintain growth — its […]

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Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push

Alibaba invests .9B in hypermarket operator Sun Art to continue its offline retail push  Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) […]

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