Advertisement
New Zealand markets closed
  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     
  • NZD/USD

    0.6021
    -0.0013 (-0.21%)
     
  • NZD/EUR

    0.5584
    -0.0010 (-0.18%)
     
  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     
  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     
  • OIL

    78.20
    -1.06 (-1.34%)
     
  • GOLD

    2,366.90
    +26.60 (+1.14%)
     
  • NASDAQ

    18,161.18
    +47.72 (+0.26%)
     
  • FTSE

    8,433.76
    +52.41 (+0.63%)
     
  • Dow Jones

    39,512.84
    +125.08 (+0.32%)
     
  • DAX

    18,772.85
    +86.25 (+0.46%)
     
  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     
  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     
  • NZD/JPY

    93.7530
    -0.0150 (-0.02%)
     

How Would Alibaba’s Joint Venture in Russia Help Boost Expansion?

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.