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Alibaba Launches U.S. Website


Chinese e-commerce giant Alibaba Group Holding Ltd launched its first online shop in the United States as it moves in on Amazon.com and eBay's home turf. The website, 11main.com, will have a wide range of products. The invitation only marketplace, will offer items in  variety of catagories such as fashion, home and outdoor and jewelry and watches. The launch comes just in time as the company prepares for it U.S. IPO offering that is expected to raise over $15 billion.