Confirmed: Alibaba buys stake in NetEase Cloud Music in $700m deal

in a separate deal, Alibaba has also acquired NetEase’s import e-commerce platform Kaola for approximately $2 billion
The post Confirmed: Alibaba buys stake in NetEase Cloud Music in $700m deal appeared first on Music Business Worldwide.

Alibaba’s Opening an Online Store With Office Depot, as the 2 Companies Work to Beat Out Amazon

The companies hope to win over American business owners with the convenience of a one stop shop, melding Alibaba’s global platform with Office Depot’s U.S. experience.

Alibaba’s Futuristic Supermarket in China Is Light-Years Ahead of the U.S. — and Shows Where Amazon Will Likely Take Whole Foods

With facial recognition payments and 30 minute online deliveries, this supermarket chain is all about being ‘insanely convenient’ for the customer.