Alibaba forms new JV with Russia's state fund, tech firms

Alibaba forms new JV with Russia's state fund, tech firms

Moscow, Russia. Photo by Serge Kutuzov on Unsplash

China’s largest e-commerce firm, Alibaba Group Holding Ltd, has ceded control of its Russian business to form a new venture with a state fund and two technology firms, hoping that access to their consumer base with help boost its development.

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