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NetEase to spend US$11 billion on goods for Kaola e-commerce unit

China's 2nd-largest video game publisher ups the ante, banking on industry worth 500b yuan by 2021

Published Mon, Nov 6, 2017 · 09:50 PM

Beijing

NETEASE INC, China's second-largest video game publisher, is deepening a push into e-commerce with plans to increase spending on products from the US, Europe and Japan to sell to local consumers.

The company's Kaola e-commerce business will buy about US$11 billion of inven…

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E-commerce

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Companies & Markets

NetEase to spend US$11 billion on goods for Kaola e-commerce unit

KEYWORDS IN THIS ARTICLE

Consumer & Healthcare

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

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