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Alibaba Acquires Kaola from NetEase in a $2 Billion Agreement

The Alibaba Group has announced its acquisition of online e-commerce platform, Kaola, from NetEase. Alibaba will also be investing $700 million in NetEase’s Cloud Music streaming platform, as part of a separate deal. Chinese multinational e-commerce and tech conglomerate, Alibaba Group, has just acquired Kaola, from NetEase Inc. The acquisition worth $2 billion will create...
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Bitcoin (BTC) $ 83,330.53 0.76%
Ethereum (ETH) $ 1,918.40 0.56%
Tether (USDT) $ 1.00 0.02%
XRP (XRP) $ 2.32 0.14%
BNB (BNB) $ 582.71 1.56%
Solana (SOL) $ 128.85 3.19%
USDC (USDC) $ 1.00 0.00%
Cardano (ADA) $ 0.721561 0.36%
Dogecoin (DOGE) $ 0.170491 1.08%
TRON (TRX) $ 0.221234 2.29%