China?s 360Buy Raises $700M Ahead Of Potential IPO, Wants To Become Stronger Alibaba Rival

360Buy, the quick-delivery shopping site once described as the Chinese mashup of Amazon and Fresh Direct, announced $700 million USD in funding on Friday. While this gives the company, China?s second largest e-tailer after Alibaba, enough cash to delay its much-anticipated IPO, one of its investors, Kingdom Holding Company, a Saudi

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