Chinese e-commerce giant alibaba group holdings co.,
LTD., recently agreed to this may be a significant investment in the company's
web site feedback, the us-based rivals to Amazon.com Inc. In providing a two-day
shipping AMZN - 0.58%, according to people familiar with the deal. As
investment, executive vice President of alibaba Cai Qiao, will join the feedback
of the board, said the person, who asked not to be named, because the deal has
not yet been announced. Feedback, based in San Mateo, California, provides
unlimited two-day nearly 80 retailers, including toys and RadioShack company
"anti" our company delivery of the goods
For alibaba, it marks the e-commerce companies in the
United States in recent months at least. In June this year, alibaba investment
idiots, if accord with ShopRunner by Kynetic LLC with $170 million in a new
round of financing, the movement of the valuation of $31 billion part of the
clothing retailer. Discussion and feedback around a recent issue of the
investment of about 7 billion yuan, said people familiar with the deal, though
they can't understand the terms.
Alibaba is eyeing up for an initial public offering, analysts say, may be valued
at $7 billion, the company makes it among the world's largest initial public
offering.
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