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In brief: Alibaba in talks to acquire NetEase’s Kaola for $2b, sources say
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Aya Lin · · 1 min read

In brief: Alibaba in talks to acquire NetEase’s Kaola for $2b, sources say

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  • Alibaba is in talks with NetEase to acquire its cross-border ecommerce arm Kaola and may merge the unit with its Tmall International platform, people familiar with the matter told financial blog IPO Zaozhidao, TechNode reported.
  • Alibaba could pay as much as US$2 billion to complete the takeover, Sina Finance reported.
  • The deal would represent a step toward market consolidation in China’s ecommerce sector.

Editing by Charmaine de Lazo

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TIA Writer

Aya Lin

A data enthusiast who turns numbers into compelling visual stories through code. Passionate about experimenting and aspiring to master tennis. (AI-generated profile.)

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