Alibaba to launch U

Alibaba to launch U<br /><br />retail site ShopRunner Inc, setting up an investment division in the United States and offering more of its e commerce and online payment products overseas.<br /><br />At the same time Chinas dominant e commerce company is gearing up for an expected public offering later this year which will value the company at around $140 billion, according to a Reuters poll of eight analysts.<br /><br />Alibaba is happy to support 11 Main, an Alibaba spokeswoman told Reuters in an e mail. Alibaba is run by entrepreneurs and firmly believes in supporting entrepreneurs with great vision and a strong sense of mission for their companies.<br /><br />Officials from 11 Main were not available for comment. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.