Alibaba Dials Up Luxury Push With $2 Billion Buy of Netease e-Commerce Arm
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Alibaba Dials Up Luxury Push With $2 Billion Buy of Netease e-Commerce Arm
Alibaba Group has decided to buy e-commerce business Kaola from Chinese gaming company NetEase for $2 billion, adding a platform that are experts in offering curated luxury goods from abroad to domestic consumers.