China: Alibaba Group discusses JV with Russia's Sberbank

China: Alibaba Group discusses JV with Russia's Sberbank

A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer CHINA OUT

Sberbank, Russia’s national savings bank, and China’s Alibaba Group are discussing the creation of a joint venture (JV) that would integrate Alibaba’s existing cross-border e-commerce businesses in Russia and neighboring countries, including B2C marketplace AliExpress.ru.

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