Kaola Archives - Inside Retail Asia
Alibaba has confirmed it will buy NetEase’s Kaola for about US$2 billion, a deal widely predicted last month.
Alibaba and Chinese tech firm Netease are in talks on the internet giant’s potential acquisition of its cross-border e-commerce platform Kaola.
Half of online shoppers in Asia-Pacific make purchases cross-border.
A growing middle class in China that likes shopping for foreign brands is helping drive cross-border e-commerce, according to eMarketer.
Sa Sa profits took at 37.3 per cent hit during the six months to September 30.