Alibaba takes joint venture route to Russia expansion

By Polina Nikolskaya and Vladimir Soldatkin on Sep 12, 2018 6:33AM

Alibaba takes joint venture route to Russia expansion

Client base of more than 100 million people.

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 ...

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