Fashion World updates

Alibaba Acquires Kaola From NetEase $2 Billion

Women's Wear Daily -

Alibaba will acquire cross-border platform Kaola from NetEase for $2 billion, the company said Friday, in a deal that will allow the group to control over half of China’s cross-border ecommerce market. Kaola, which sells a wide array of imported products in China from clothes, beauty, consumer electronics, and more, will continue to operate independently […]