Alibaba Sets Up Joint Venture With Russian Investment Group

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Reuters — China’s largest e-commerce firm, Alibaba Group Holding Ltd has joined forces with a state fund and two technology firms in Russia, hoping that access to their client base of more than 100 million people will boost its development..
Alibaba will own 48 percent of AliExpress Russia as a result of a deal signed with Russian Direct Investment Fund, mobile operator Megafon and internet group Mail-ru during Russia’s Eastern Economic Forum on Tuesday... → Full Article


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