China Business Blog - Aggregated China Business Blogs
Aggregated China Business Blogs
Alibaba Will Offload U.S. Assets
Aggregated Source: ChinaTechNews.com
Alibaba has agreed to sell four of its American e-commerce assets to U.S.-based social shopping platform OpenSky. Alibaba will give OpenSky 11main.com, Auctiva, Vendio and SingleFeed in exchange for about a 37% stake in OpenSky. No financial details or exact timing on the deal are yet available, according to reports in foreign media. 11main.com is […]
Original URL: Click here to visit original article
Copyright ChinaTechNews.com