Alibaba Group Holding Ltd, PUBLIC JOINT-STOCK COMPANY "MEGAFON", Mail.ru Group and RFPI closed the transaction on joint venture creation

Alibaba Group Holding Ltd, PUBLIC JOINT-STOCK COMPANY "MEGAFON", Mail.ru Group and Russian Direct Investment Fund (RDIF) finished an investment on creation of joint venture in the sphere of e-commerce. About it reported Mail.ru Group. The new structure will be engaged in integration key Russian consumer Internet platforms and platforms of electronic trading and start of leading joint venture on social commerce to Russian Federation and the countries Commonwealth of Independent States. Controlling stake of JV AliExpress Russian Federation the Russian sides, and board of directors own includes representatives of Alibaba Group Holding Ltd, PUBLIC JOINT-STOCK COMPANY "MEGAFON", Mail.ru Group and RFPI...