In a transaction worth about $2 billion, e-commerce giant Alibaba announced on Friday that it has purchased Chinese e-commerce business Kaola. Kaola is the biggest in China next to Alibaba’s Tmall Global and JD.com’s JD Worldwide. The company sells imported products in China which include clothes and consumer electronics. Alibaba said that it would acquire … Continue reading “Alibaba Buys Chinese E-Commerce Company Kaola for $2 Billion”
