Alibaba Buys NetEase’s Kaola In $2 Billion Deal, Caixin Says

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Alibaba Buys NetEase's Kaola In $2 Billion Deal, Caixin Says

Acquiring the Kaola e-commerce platform from NetEase would allow Alibaba to clear up competition while bolstering its efforts to introduce more foreign brands to Chinese shoppers.

Source: Forbes – Business – Yue Wang, Contributor

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