Sina Technologies News, September 6 morning news, September 6 morning, Alibaba announced in the official microblog, and Netease reached strategic cooperation. Alibaba Group purchased Netease's cross-border e-commerce platform Koala with a wholly-owned investment of US$2 billion, while Alibaba participated as a lead investor in Netease Yunyun Music's financing of US$700 million.
In response, Zhang Lei, the current CEO of NetEase Koala, issued an open letter saying that in the future, the Koala brand will continue to operate independently and work with Tianmao International to bring better cross-border goods and services experience to Chinese consumers.
Zhang Lei said that Liu Peng, general manager of Tianmao Import and Export Business Group, will also serve as CEO of Koala. I will act as the import and export business consultant of Tianmao, and continue to accompany you.
The following is an open letter from Zhang Lei, CEO of Netease Koala:
An open letter to all Koala colleagues
Colleagues from Koala:
Today, it is an extraordinary day for Koala. Netease has reached strategic cooperation with Alibaba. Koala has accepted Alibaba Group's $2 billion wholly-owned acquisition. From today on, it formally joins Alibaba Group. In the future, the Koala brand will continue to operate independently, together with Tianmao International, to bring better cross-border goods and services experience to Chinese consumers.
The strongest rivals of the past will now be teammates fighting side by side. I believe you are like me, at this moment, the mood is complex and exciting.
In 2014, under the catalysis of policy dividend and consumer demand, koala and Tmall International were born one after another. We use
A new partne
Today is Koala's rite of passage. I hope you are proud of the past and optimistic about the future.
Little Koala, come on!
September 6, 2019