date:Sep 14, 2018
obal.handelsblatt.com
China: Alibaba teams up with MegaFon and Mail.ru in Russia
Chinese ecommerce giant Alibaba Group has agreed to take a 10% stake in one of Russias biggest tech players, to boost its development in Russia. Alibaba will own 48% of AliExpress Russia as a result of a deal signed with Russian Direct Investment Fund, mobile operator Megafon and internet group Mail.ru. The three Russian companies will have a combined 52% stake in the ecommerce platform after contributing cash, sha