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Amazon China Unit Looks to Merge with NetEase Kaola
6 ratings

Written by Yuya Shen

Published at 2019-02-20 09:46

NetEase’s [NTES:US] cross-border shopping platform, Kaola, has initiated a merger with Amazon's [AMZN:US] Chinese venture. It is still under negotiation and may adopt the stock-for-stock method, as reported by Caijing on February 19. The two companies signed an agreement in late 2018, but the negotiation was not successful.