Alibaba to acquire e-commerce platform Kaola for $2bn

Alibaba will acquire import e-commerce platform Kaola for around $2bn

Chinese tech group Alibaba has agreed to acquire Kaola, an import e-commerce platform owned by entertainment and online gaming company NetEase, for around $2bn.

The deal—which Alibaba expects will help strengthen its position in China’s fledgling import e-commerce market—will see...

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