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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


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...

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