Alibaba invests in the competitor

Alibaba invests in the competitor Amazon.comAlibaba Group Holding Ltd. has been the main investor of the pool, who invested $206M in the competitor of the company, 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”.