Alibaba buys Chinese e-commerce business Kaola for $2 billion

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Alibaba buys Chinese e-commerce business Kaola for $2 billion
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Kaola is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba's Tmall Global and JD.com's JD Worldwide.

Kaola sells imported products in China that include clothes, consumer electronics, and sports accessories. It is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba's Tmall Global and JD.com's JD Worldwide.

With Tmall Global and Kaola, Alibaba will have a massive market presence in the cross-border e-commerce sector.

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