E-commerce company Shoprunner has reportedly raised more than $200m, as Alibaba joins its backers and eBay divests its stake.
Shoprunner, a US-based members-only e-commerce site, has raised $206m in a funding round led by China-based e-commerce company Alibaba, according to the Wall Street Journal.
American Express joined Alibaba in the funding round and is said to have taken a small, minority stake. Reports in August suggested that Alibaba had invested $75m in Shoprunner in return for a minority stake.
The latest round also saw eBay sell off a 30% stake it held in Shoprunner, according to online news source…
