Alibaba Invests in ShopRunner

Aug 20, 2013 (Tue): China’s Internet giant Alibaba has invested US$75 million (RM246.5 million) in ShopRunner, a US e-commerce services business run by former Scott Thompson, the ex-CEO of Yahoo!, the Financial Times reported. The investment was reported as part of Alibaba expansion into large markets outside of China.

Author: VSDaily Editor

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