Alibaba made one of its biggest U.S. moves in leading a $206 million investment in ShopRunner Inc., according to a October 10 report by The Wall Street Journal.
ShopRunner offers unlimited two-day shipping from retailers. eBay Inc. profited by selling its 30 percent holding in ShopRunner as part of the deal.
For more on this Alibaba investment, as well as its upcoming IPO, click here.
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