Alibaba has acquired Kaola from NetEase for $2 billion. 🔐
@Zendaya gave a sneak peek of her second collaboration with @tommyhilfiger ahead of their #NYFW show. While the “Euphoria” actress is slated to present her latest Tommy x Zendaya collection on Sunday at the Apollo Theater, Zendaya is already wearing complete looks from the collaboration at New York Fashion Week events. The TommyNow fashion show is one of the most anticipated events of NYFW. Tap the link in bio for more. Report: @laylailchi . . . . . .
"I felt I wasn't gay enough, I wasn't a chef, I'm a home cook. But I've accepted that I'm here so I might as well take advantage of it." Tap the link in bio for more. Report: @leighen 📸: @jgreeneryBuckle up people, fashion month is going to be wild.
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NetEase sells Kaola unit to Alibaba for $2 billionNasdaq-listed gaming giant NetEase Inc said on Thursday it agreed to sell its Ch...
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Alibaba buys Chinese e-commerce business Kaola for $2 billionKaola is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba's Tmall Global and JD.com's JD Worldwide.
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Alibaba to buy luxury e-commerce business from Netease for $2 billionAlibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming...
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Alibaba and NetEase strike a $2 billion deal and investmentTwo of China's most valuable public tech companies announced a deal Thursday evening that will shift one business from NetEase Inc. to Alibaba Group Holding Ltd. and shift a lot of money the other way. Alibaba agreed to acquire an import e-commerce business from NetEase, Kaola, for about $2 billion, and invest $700 million into NetEase's streaming music business, NetEase Cloud Music. Alibaba will continue to operate Kaola as an independent business, with the general manager of its Tmall business taking over as chief executive of the business. NetEase will retain control of its music business, with the investment from Alibaba being part of a round of financing. With the NetEase segment that most closely rivaled Alibaba's core business now in the hands of Alibaba, the two companies said the deal "paves the way for the two internet companies with deep roots in Hangzhou to further identify and explore business collaborations." The deal was announced just following the end of the extended trading period Thursday afternoon; at the end of trading, Alibaba was worth $465.9 billion and NetEase had a market cap of $34.7 billion.
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Alibaba dials up luxury push with $2 billion buy of Netease e-commerce armAlibaba Group has agreed to buy e-commerce business Kaola from Chinese gaming co...
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Alibaba to Acquire Minority Stake in NetEase Cloud Music Streaming ServiceChinese online retail giant Alibaba has acquired a 20% stake in the NetEase Cloud Music streaming service as part of a $2 billion purchase of NetEase’s e-commerce unit Kaola, the two companies announced late Thursday.
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