Ali acquired Netease’s cross-border e-commerce platform koala for $2 billion.
文 | Daily Business Collection
Netease opens the koala, and Ali leads the cloud music, and each takes the required transaction
On September 6, the news of the cooperation between Ali and NetEase finally came to fruition. Ali bought the Neta’s cross-border e-commerce platform koala for $2 billion. After the transaction is completed, NetEase koala will be included in the Tmall Import and Export Division, and the brand will remain unchanged. At the same time, Ali led a new round of financing of Netease Cloud Music’s $700 million, which is the biggest financing since the establishment of Cloud Music.
For both parties, this is a transaction that is required for each.
Alibaba’s acquisition of Netease Koala will allow it to dominate the entire cross-border e-commerce industry. According to data from Ai Media Consulting, in the first half of 2019, NetEase Koala, Tmall International and Haicang Global (Jingdong Haishang) occupied the top three cross-border e-commerce market with market share of 27.7%, 25.1% and 13.3% respectively. . After the acquisition, Ali will be in the cross-border e-commerce market …
Editor’s comment: In Ding Lei’s earlier planning, I hope to use the e-commerce business to “recreate a Netease” (the contribution of games, e-commerce and other businesses to revenue is 4:4:2) . Today’s major e-commerce, and…
Wei Lai’s “debt” in the year: continue to take money, practical first
On the afternoon of September 5, Weilai Auto submitted a regulatory document stating that it plans to issue a new round of $200 million convertible bonds, which is expected to be completed by the end of September. Weilai’s CEO Li Bin and Tencent each subscribed for $100 million. This is less than 8 months since Weilai’s last convertible bond financing, and less than 4 months since the last equity financing of Weilai.
John Hall, vice chairman of JP Morgan Chase Investment Bank, said earlier that convertible bonds are an efficient channel for high-growth technology companies to raise funds, especially in the case of market volatility, low interest rate environment and good stock performance. Raise a large amount of low-cost funds and expand the scale of investors. This year, many Chinese companies have chosen…
Editor’s comment: Weilai Automobile raised $1 billion last year’s IPO, but below the previous target of $1.8 billion to $2 billion. Introducing state-owned capital (“Yizhuang Guotou”), issuing convertible bonds twice, and shareholders Tencent…
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