Kaola

Alibaba acquires competitor Kaola from NetEase in $2bn deal

Alibaba is acquiring Kaola and integrating it into Tmall, creating the largest cross-border e-commerce platform in China. On Thursday (5 September), Alibaba announced its intention to acquire NetEase’s import e-commerce platform Kaola for approximately $2bn. Both Alibaba and Kaola have significant operations in Hangzhou, the capital of China’s Zhejiang province. The transaction will pave the […]

Alibaba acquires NetEase Kaola in deal worth $2 billion – TechCrunch

Alibaba, China, cross-border e-commerce, E-Commerce, Fundings & Exits, Kaola, netease, TC, Technology NEWS, Tmall, Tmall Global / Good To SEO

Alibaba Group has acquired NetEase Kaola for $2 billion, the two companies said today, 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 the middle of August after the companies reportedly disagreed

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