Alibaba to buy luxury e-commerce business from Netease for US$2 billion

📆 06.09.2019 08:15:00
📰 ChannelNewsAsia

⏱ Reading Time:
19 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for US$2 billion, adding a platform that ...

SHANGHAI: Alibaba Group Holding Ltd will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for US$2 billion, adding a platform that specializes in supplying luxury goods from abroad to Chinese consumers.

Alibaba, along with private-equity firm Yunfeng - which is backed by the tech giant's founder Jack Ma, said it will separately invest about US$700 million in Netease's music streaming service, NetEase Cloud Music.Kaola, launched by NetEase in 2015, aggressively targets shoppers in China, by offering products from brands such as Gucci, Shisheido and Burberry.

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

US investment in Malaysia up sharply as trade row with China drags onKUALA LUMPUR: Malaysia approved US investment worth US$5.62 billion in the first half of the year compared with US$113 million the previous year, ... Dveb .. Cgfgcxr.d. .rgd thc
Herkunft: ChannelNewsAsia - 🏆 6. / 66 Weiterlesen »