Billionaire Alwaleed Buys Stake in 360buy for China Expansion

Billionaire Alwaleed Buys Stake in 360buy for China Expansion

Imaginechina

An Internet user browses the English-language website of online shopping site 360buy.com in Shanghai. 360buy, which raised $1.5 billion in financing in 2011, describes itself as an online shopping mall and sells products from home appliances to books in the world’s largest Internet market, offering more than 7 million products.