Stake Purchase • Internet Software and Services

Alibaba Group and Kynetic Invest In ShopRunner

On August 18, 2013, Alibaba Group and Kynetic invested in internet software and services company ShopRunner from Kynetic

Investment Context
  • This is Alibaba Group’s 2nd and Kynetic’s 2nd transaction in the Internet Software and Services sector.
  • This is Alibaba Group’s 2nd and Kynetic’s 3rd transaction in the United States.
  • This is Alibaba Group’s 1st and Kynetic’s 2nd transaction in Pennsylvania.
Investment Fate
  • ShopRunner was sold to a publicly-traded strategic buyer in 2019.
  • ShopRunner was divested to a consortium of strategic buyers in 2020.

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Investment Summary

Date August 18, 2013
Target ShopRunner
Sector Internet Software and Services
Investor(s) Alibaba Group
Kynetic
Sellers(s) Kynetic
Deal Type Stake Purchase

Target Company

ShopRunner

King of Prussia, Pennsylvania, United States
ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.
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Investors Overview 2

Investor

Alibaba Group

Hong Kong, China

Category Company
Founded 1999
Sector E-Commerce
Employees123,711
Revenue 996.3B CNY (2025)
DESCRIPTION

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hong Kong, China.


Deal Context for Investor #
Overall 2 of 16
Sector: Internet Software and Services 2 of 8
Type: Stake Purchase 1 of 3
State: Pennsylvania 1 of 1
Country: United States 2 of 3
Year: 2013 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-24 Vendio Services

San Mateo, California, United States

Vendio Services, Inc. is a multi-channel e-commerce company providing a one-stop solution for small businesses that are selling online across multiple channels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-24 Kanbox

Beijing, China

Kanbox is an online storage company.

Buy -
Investor

Kynetic

King of Prussia, Pennsylvania, United States

Category Company
Founded 2011
Sector Retail
DESCRIPTION

Kynetic consists of three consumer Internet businesses: Fanatics, a online retailer of licensed sports merchandise; Rue La La, a online private sale destination in the U.S.; and ShopRunner, an innovative members-only service that aggregates shopping benefits from the top retailers and brands.


Deal Context for Investor #
Overall 3 of 3
Sector: Internet Software and Services 2 of 2
Type: Stake Purchase 1 of 1
State: Pennsylvania 2 of 2
Country: United States 3 of 3
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Sell -

Seller Profile 1

SELLER

Kynetic

King of Prussia, Pennsylvania, United States

Category Company
Founded 2011
Sector Retail
DESCRIPTION

Kynetic consists of three consumer Internet businesses: Fanatics, a online retailer of licensed sports merchandise; Rue La La, a online private sale destination in the U.S.; and ShopRunner, an innovative members-only service that aggregates shopping benefits from the top retailers and brands.


Deal Context for Seller #
Overall 1 of 2
Sector: Internet Software and Services 1 of 2
Type: Stake Purchase 1 of 1
State: Pennsylvania 1 of 2
Country: United States 1 of 2
Year: 2013 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-17 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Sell -