Tagged: netease

Alibaba Acquires Kaola for $2 Billion from Entertainment Giant NetEase, Creates China’s Largest International E-commerce Platform

Chinese multinational conglomerate Alibaba Group has acquired Kaola for approximately $2 billion from Hangzhou-based entertainment giant NetEase. The acquisition has created the largest cross-border e-commerce platform in China, according to Alibaba’s management. Commenting on Alibaba Group’s latest acquisition, company chief executive Daniel Zhang said:  “With… Read More

NetEase Partners with HNA Group, Everbright Securities on Crowdfunding

NetEase (NASDAQ: NTES), one of China’s leading Internet and online game services providers, has announced that is subsidiary Ujia E-commerce Co., Ltd., has signed an agreement with Everbright Securities Co., and HNA Group to form a joint venture company. The joint venture is described as having a primary… Read More

AssetAvenue Raises $11 Million in Series A; Real Estate Platform Poised For Rapid Growth

AssetAvenue, a debt based real estate crowdfunding platform, has raised $11 million in a Series A funding round led by DCM Ventures. Founded in 2013, this significant funding will dramatically boost AssetAvenue’s growth as it invests in technology and product development.  The funding is indicative of… Read More

AssetAvenue Raises $3 Million in Seed Funding

AssetAvenue, an online peer-to-peer lending platform to invest and borrow money in commercial real estate, announced on Friday (September 12th) it has raised $3 million in funding. Matrix Partners and NetEase led the round with additional investors from the technology, venture capital and real estate industries… Read More

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