[Reuters] Alibaba buys stake in online shopping firm ShopRunner: report

Posted by: UGN Security

[Reuters] Alibaba buys stake in online shopping firm ShopRunner: report - 08/16/13 09:20 PM

NEW YORK (Reuters) - Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on Friday.