Mr. Cora will maintain an independent brand operation, and Liu Peng, the general manager of the Tmall Import and Export Business Group, is also the CEO.
Ding Lei, chief executive of Netease, said he was pleased to cooperate with Alibaba, which is in line with Netease's strategic choice in the new era and is conducive to the long-term development of all parties. NetEase expects Koala to continue to provide users with high quality cross-border e-commerce services within the Alibaba ecosystem. Netease will continue to promote the focus strategy, concentrate resources in the dominant areas, and create continuous value for users through continuous innovation. Netease will also continue to strongly support the development of Netease cloud music, promote Chinese original musicians to create better works, achieve greater dreams, and provide world-class music services for Chinese users. At the same time, Netease will continue to contribute to the development of the industry with the principle of independence, openness and compatibility.
Zhang Yong, chief executive of Alibaba Group, said: we are full of confidence in the consumer market imported by China, and we are also grateful to NetEase for incubating and nurturing an excellent cross-border ecommerce platform, and welcome koalas to join the Alibaba family. Tmall Import and Export Group General Manager Liu Peng will also serve as koala CEO. The koala brand will continue to operate independently. China's import ecommerce is still in its infancy, China's import space will continue to expand, Ali will do his best in the future, give full play to ecological synergy, and continue to optimize the imported commodity consumption experience of Chinese consumers. At the same time, we are also happy to participate in the development of NetEase cloud music, hoping that there will be more chemical reactions on both sides of the cultural and entertainment sector in the future.