Alibaba invests in the competitor Amazon.com
Alibaba Group Holding Ltd. has been the main investor of the pool, who invested $206M in the competitor of the company Amazon.com, informs newspaper The Wall Street Journal. Investors put up money in American retailer ShopRunner Inc., notes WSJ.
American Express also acquired a small share in ShopRunner. These investments estimate ShopRunner approximately in $600M, says the resource WSJ. Still is unknown, how much invested Alibaba, but the company invested a big part of financing, says the newspaper resource.
ShopRunner is the retailer, founder in 2010. The company is headed by Scott Thompson – former director general of the Yahoo Inc. Within the deal 3-% of the company has been sold by eBay, informed the resource.
“American market is very interested for us in the long-term perspective; - the publication quotes the co-founder of the Company Joe Tsai. – Entering this market is investigation of American consumers and activity on USA”.
American Express also acquired a small share in ShopRunner. These investments estimate ShopRunner approximately in $600M, says the resource WSJ. Still is unknown, how much invested Alibaba, but the company invested a big part of financing, says the newspaper resource.
ShopRunner is the retailer, founder in 2010. The company is headed by Scott Thompson – former director general of the Yahoo Inc. Within the deal 3-% of the company has been sold by eBay, informed the resource.
“American market is very interested for us in the long-term perspective; - the publication quotes the co-founder of the Company Joe Tsai. – Entering this market is investigation of American consumers and activity on USA”.
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