Flash Report 3 minutesRegister for Free AccessAlibaba Acquires Kaola to Strengthen Cross-Border E-Commerce Dominance Coresight Research September 9, 2019 Executive SummaryOn September 5, Alibaba Group announced its acquisition of cross-border e-commerce business Kaola from Chinese gaming and entertainment company NetEase for $2 billion. Kaola, launched by NetEase in 2015, targets shoppers in China by offering apparel, maternity and infant care, household appliances and other products from 9,000 brands from 80 countries. Following the acquisition, Alibaba will integrate Kaola into Tmall, and Kaola will continue to operate independently. The Kaola acquisition represents a major consolidation within the cross-border e-commerce space in China. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Data Dive: When Will US Grocery Unit Growth Turn Positive?Weekly US and UK Store Openings and Closures Tracker 2023, Week 18: US Store Openings Cross 4,000Shoptalk 2023 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators, Four Areas of Retail DisruptionChatGPT and Generative AI: Five Things Retailers Should Know