Alibaba cedes control in Russia unit to form new joint venture

Samsung doubles down in India, opens its biggest store world-wide
September 11, 2018
China’s NetEase to rectify ‘irregular practices’ at finance website
September 11, 2018
This post was originally published on this site

China’s largest e-commerce firm, Alibaba Group Holding Ltd, has ceded control of its Russian business to form a new venture with a state fund and two technology firms, hoping that access to their consumer base with help boost its development.