SAN FRANCISCO: Alibaba Group Holding Ltd has struck one of its largest deals with a US e-commerce company, agreeing to help Amazon.com rival ShopRunner expand into China.
ShopRunner, whose partners include Neiman Marcus and Nine West, will use Alibaba's domestic logistics infrastructure to launch in China later this year, ShopRunner chief strategy officer Fiona Dias told Reuters on Wednesday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!