Alibaba taps luxury segment with $2b purchase of Netease's e-commerce arm Kaola

Alibaba taps luxury segment with $2b purchase of Netease's e-commerce arm Kaola

FILE PHOTO: A sign of Alibaba Group is seen during the fourth World Internet Conference in Wuzhen, Zhejiang province, China, December 3, 2017. REUTERS/Aly Song/File Photo

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter