Alibaba slashes AliExpress Russia staff by 40% amid Ukraine war

People walk by the Alibaba Group logo. Photo: Bloomberg

Chinese e-commerce giant Alibaba Group Holding’s joint venture in Russia has laid off about 40% of employees since the invasion of Ukraine as the war has severely disrupted cross-border business, an employee with knowledge of the matter told Nikkei Asia.

AliExpress Russia, a joint venture in which Alibaba holds about a 48% stake, was the most-visited online marketplace and the most-downloaded shopping app in Russia last year, according to its website.

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