Alibaba Group has bought the e-commerce platform of NetEase for about $2 billion and will participate in a $700 million investment in NetEase’s music streaming service, the two Chinese firms said on Friday. The deal hands Alibaba the biggest Chinese online marketplace for foreign brands after its own Tmall Import and Export. Kaola will now operate independently but under new Chief Executive Officer Alvin Liu, … Continue reading Alibaba buys NetEase’s import e-commerce unit for $2bn