After three years of cross-border e-commerce business, Netease’s Kaola has added local e-commerce business since earlier this year.
According to data from Analysys, Kaola is the No.1 cross-border online retailer in the first quarter of the year, accounting for nearly 67% of the entire market share, followed by Xiaohongshu.
The company also opened its first offline cross-border business store in Hangzhou in April. (Souce:36kr.com)