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Alibaba buys Chinese e-commerce business Kaola for $2 billion - CNBC by fiftysats

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· @fiftysats ·
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Alibaba buys Chinese e-commerce business Kaola for $2 billion - CNBC
## Alibaba buys Chinese e-commerce business Kaola for $2 billion - CNBC

<center>https://image.cnbcfm.com/api/v1/image/105912345-1557846366021gettyimages-1091456116.jpeg?v=1567733667</center>

<center>**Click here to read source article from [CNBC](https://www.cnbc.com/2019/09/06/alibaba-baba-to-buy-e-commerce-unit-kaola-from-netease-for-2-billion.html)**</center>

### Summary
Kaola is one of the biggest Chinese e-commerce sites focused on selling imported goods in the country, alongside Alibaba's Tmall Global and JD.com's JD Worldwide.

### My Thoughts
My perception of the market seems to change everyday. Postivie articles, negative articles. It doesn't matter. I keep getting more and more bullish. Who's with me?

### Quote of the Day
>Risk comes from not knowing what you are doing.

-Warren Buffet

### Thank you for Reading!

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