Rumoured acquisition
ShopRunner, a Pennsylvania-based members-only online retailer, is closing talks with Alibaba over an imminent investment totalling more than USD70m. ShopRunner, which launched in 2010, offers customers two day shipping from a range of different retailers for a few of USD79 per year.
It is thought that China-based Alibaba is investing in ShopRunner to more effectively compete with Amazon. While at Yahoo! ShopRunner CEO Scott Thomson was one of the key figures in a deal that saw Yahoo! sell half of its back stake to Alibaba for USD7.6bn.
Whitepapers
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