Alibaba has purchased NetEase’s Kaola e-commerce platform in a deal worth $2 billion. The deal also includes a massive investment in NetEase’s music streaming service. Alibaba is now control of the biggest Chinese online marketplace for foreign brands. Its own platform Tmall Import and Export is dwarfed by Kaola. According to the terms of the […]
The post Alibaba Buys NetEase E-Commerce Platform Kaola for $2 Billion — And Drops $700 Million on NetEase Cloud Music appeared first on Digital Music News.