Technology giant alibaba sells us ecommerce flop

Global Marketing News - 29th June 2015 Technology giant Alibaba sells US ecommerce flop Alibaba has sold its US-based ecommerce site 11 Main to a key American competitor, highlighting the company's withdrawal from foreign markets as it seeks to solidify its position at home in China. 11 Main was sold to the US ecommerce operator OpenSky last week, in exchange for a 38% stake in OpenSky. At the same time,...