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September 6, 2019 12:56 am GMT

Alibaba acquires NetEase Kaola in deal worth $2 billion

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 […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/MPll58xP63E/

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