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Alibaba-backed ShopRunner gains momentum, eyes China

ShopRunner, the e-commerce startup backed by Alibaba that styles itself in some ways as the anti-Amazon, more than doubled its users over the past year and hopes to do so again in 2015, Shoprunner's chief executive said in an interview.

Adidas says will not renew NBA contract

Sportswear group Adidas AG will not renew its contract to supply kit to the US National Basketball Association (NBA), saying it feels it would be better to invest its money in new products and players.

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