Russian Direct Investment Fund
Alibaba, the Chinese eCommerce giant, inked a deal Tuesday, September 11, with the Russian Direct Investment Fund and Mail.ru Group to create AliExpress Russia. According to a report in Bloomberg, Alibaba is creating a US$2 billion joint venture to boost its eCommerce business in Russia, with local investors controlling the joint venture. Bloomberg reported that […]
Alibaba is partnering with two Russian companies on an eCommerce venture as it looks to form its digital silk road across Eurasia. According to the Financial Times, sources reported that Alibaba is close to finalizing a partnership with Russian internet company Mail.ru and sovereign wealth fund Russian Direct Investment Fund (RDIF). “This is an important […]
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