Alibaba to launch US website
Alibaba is set to launch a US e-commerce website through its subsidiaries Vendio and Auctiva, which are in turn part of the Alibaba.com business group. Alibaba has been ramping up its international expansion with various acquisitions. At the same time China’s dominant e-commerce company is gearing up for an expected public offering later this year which will value the company at around $140bn (£85bn).