Beijing – Chinese e-commerce retailer Alibaba is reportedly planning to open a U.S. e-commerce website through its subsidiaries Vendio and Auctiva. According to Reuters, the site will operate at 11main.com.
Currently, the homepage of the 11main.com site has the message: “Shop owners are unpacking and getting settled. Our doors will open soon.” Retailers interested in selling goods on the 11main site can click a link that takes them to informational pages. Selling on 11main is by invitation only. Alibaba offers a similar service in China where retailers can operate online microstores within the Alibaba site. Many major U.S. retailers operate Alibaba microsites.
Alibaba is reportedly preparing for an initial public offering,