Cent Chunk: Chinese Internet and Gaming Company

cent chunk: NetEase, a leading Chinese internet, email and gaming company listed on the NASDAQ and worth about $35 billion expanded into e-commerce last year launching Kaola.com, according to Nine News Australia. Despite the website Chinglish name, cross-border commerce is now a 10 per cent chunk of Net Ease revenue and going gangbusters. But Australians shouldn't be too precious, Aussie farmers and manufacturers will be laughing all the way to the bank. Kaola operates on a similar basis to Amazon. There are tens of thousands of products and more than 100 brands from Australia sold through Kaola so far. NetEase spokeswoman Maggie Liu said the koala was chosen as a symbol because, like the marsupial, Net Ease wants its online customers to be "lazy and comfortable" - while it does all the hard work of delivering the best foreign products to people doors. (news.financializer.com). As reported in the news.