Alibaba reportedly near finalizing a deal to acquire NetEase’s cross-border e-commerce unit – gpgmail

After weeks of media reports, Alibaba may finally be nearing an agreement to acquire NetEase’s cross-border e-commerce unit, Kaola. Chinese tech news website 36kr reports that a deal may be announced as early as this week and is expected to be worth $2 billion in cash and shares. Kaola will continue to run independently, but […]