Alibaba dials up luxury push with $2 billion buy of Netease e-commerce arm
SHANGHAI (Reuters) – Alibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion, adding a platform that specializes in supplying curated luxury goods from abroad to domestic consumers. People are seen at the check-out counter of a physical store of Netease’s e-commerce platform Kaola, in Zhengzhou, Henan province, …
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