Alibaba acquires competitor Kaola from NetEase in $2bn deal

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Alibaba said that Kaola will continue to operate independently under its current brand, but will be integrated into Tmall, creating the largest cross-border e-commerce platform in China.

On Thursday (5 September), Alibaba announced its intentions to acquire NetEase’s import e-commerce platform Kaola for approximately…

…. Reed More from source link Kelly Earley

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