How Would Alibaba’s Joint Venture in Russia Help Boost Expansion?
Alibaba (BABA), China’s e-commerce giant, has recently formed the $2 billion joint venture AliExpress Russia and teamed up with Russia’s sovereign wealth fund (or RDIF), Russian telecommunications company MegaFon, and Russian Internet company Mail.Ru. Through this joint venture, Alibaba will gain access to Mail.Ru’s more than 100 million users, aiding its global expansion plans.