Alibaba Sets Up $2B JV With Kremlin-Backed Fund, Billionaire Usmanov’s

Login to View

China’s e-commerce giant Alibaba Group Holding is setting up a US$2 billion joint venture with Kremlin-backed fund, telecom company MegaFon and billionaire Alisher Usmanov’s internet firm Group to expand its e-commerce business in Russia, according to a joint statement released yesterday.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Want to read this important story?

Access Over 11,000 stories and data posts over the past 8 years!

Register Now

Already have an account or paid subscription? Log in