Akanksha Rana / Reuters:
Report: Alibaba to buy NetEase’s Kaola, one of the biggest Chinese shopping sites for imported goods, for $2B in cash — (Reuters) – Alibaba Group Holding Ltd has agreed to pay $2 billion in cash to buy Chinese e-commerce firm Kaola, local news outlet Caixin reported on Friday. (bit.ly/2HcCI6C)
