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 /

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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