shutterstock 1413798989 - Alibaba Set To Seal Deal To Acquire Cross-Border Platform Kaola
Start-up

Alibaba Set To Seal Deal To Acquire Cross-Border Platform Kaola

Posted on Author Emmanuel Comment(0)

Chinese e-commerce giants Alibaba may finally be sealing the deal to acquire NetEase’s cross-border e-commerce platform, Kaola.

09055 1082715975 - Alibaba Set To Seal Deal To Acquire Cross-Border Platform Kaola

The deal which is said to be worth $2 billion in cash and shares would make Kaola a part of Alibaba’s Tmall Global but would still run as an independent company.

still on the topic:

Recall sometime in August Alibaba wanted to acquire Koala for $2 billion but the deal didn’t work out because they didn’t agree on the price.

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Reports also suggest that all stock belonging to employees will be converted to Alibaba shares. That not all, even if Koala is gonna function as an independent company, Alibaba is gonna be appointing a new CEO to replace it Zhang Lei.

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Emmanuel
Hello there I'm a tech-inclined geek, and I've always been a huge fan when it comes to anything tech, so I decided to share my knowledge with the online community and also share some of the latest buzzing news in the tech biosphere. i am dedicated to providing you guys with the best news updates. email: [email protected]
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