The case regarding where NetEase's cross-border e-commerce platform Kaola will end up has been closed, as Alibaba acquired the branch for $2 billion.
Chinese e-commerce giant Alibaba is in talks with NetEase to acquire its cross-border e-commerce platform Kaola. Once the two agree on final details, Kaola would merge with Alibaba's cross-border arm Tmall, according to LatePost on Aug. 14.
Amazon will close its domestic e-commerce marketplace business in China, effective from July 18. The company will keep running other business sections in China, including Amazon Web Services, Kindle e-books, and cross-border operations.
Amazon China and NetEase Kaola, a cross-border e-commerce, are negotiating to merge their overseas purchase business. Led by Kaola, the merger might be completed by split-offs.
Internet giant Netease, which once surprised users by raising pigs, is marching into another unusual industry. On October 23, it announced the launch of Tryfun（春风）, an adult sex products brand that will be sold on Netease Kaola, Netease Yanxuan, and JD.