Alibaba subsidiary acquires U.S. online comparison platform
San Mateo, CA, 28th June: Alibaba.com’s U.S. e-commerce software solution subsidiary, Vendio Services, announced the acquisition of SingleFeed for an undisclosed fee.
SingleFeed offers services that help online merchants to submit, manage, and optimise product listings on comparison shopping search engines such as Google Product Search and PriceGrabber. SingleFeed’s services will be offered to Vendio’s 250,000 merchants as well as sister company Auctiva, another U.S. subsidiary of Alibaba.com.
Source: Business Stragegies Group Hong Kong