NetEase’s cross-border e-commerce site Kaola reportedly discussing merger with Amazon
NetEase’s cross-border e-commerce site Kaola and US e-commerce giant Amazon reportedly have been in talks over a possible merger, according to Chinese media outlet Caijing (in Chinese).
According to the report, the companies signed a deal to combine China cross-border businesses in a stock-for-stock merger in late 2018. But, the negotiation process, initiated by NetEase, has been very difficult, according to a person close to the matter cited by Caijing.
TechNode reached out to Kaola for confirmation of the deal but the company did not immediately provide comment.
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