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Russia clears e-commerce venture for Alibaba, Megafon, Mail.ru

2019-06-06 09:09:00| Telecompaper Headlines

(Telecompaper) The new business will be based on Alibaba's e-commerce business AliExpress in the country and the Mail.ru Group platform and operate under the name AliExpress Russia. The joint venture's board will include representatives of Megafon, Mail.ru group, Alibaba Group and RFPI. Two CEOs will manage the company, one nominated by Alibaba Group and the other by Mail.ru Group.

Tags: russia venture alibaba ecommerce

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