According to the statement at the time, this heavy transaction will be announced on August 20th, but when the days are up, there has been a sudden change.
The latest news said that the acquisition between Alibaba and Netease koala has been collapsed, but the specific reasons are unknown.
Alibaba simply responded that it would not comment, and Netease Koala did not make any comment.
According to the data, NetEase Koala is a comprehensive e-commerce company based on cross-border business. It is open beta on January 9, 2015. The sales category covers mother and baby.BeautyMake-up, home life, nutrition and health care, global cuisine, clothing bags, digital home appliances and other categories. In June 2018, Netease Koala Haiming changed its name to NetEase Koala and announced its entry into the integrated e-commerce market.