China's Alibaba backs Amazon rival ShopRunner

Alibaba Group is targeting the U.S. market with a US$200 million investment in ShopRunner, an online retailer that competes with Amazon.com, a source familiar with the deal said Friday. The investment in ShopRunner comes at a time when the Chinese e-commerce giant has been actively investing in promising technology ventures in the U.S. and in its home market, according to the source. Started in 2010, ShopRunner is an online retailer that offers free two-day shipping on goods for a $79 annual mem...