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Alibaba Group Leads $206 Million Investment in ShopRunner

Alibaba Group Holding Ltd. led a $206 million investment in retail website ShopRunner, giving the Chinese e-commerce company more of a foothold in the U.S.

Alibaba was joined by American Express Co. in the funding round, according to ShopRunner, which is run by former Yahoo! Inc. Chief Executive Officer Scott Thompson. The startup’s backers also include Kynetic.