Alibaba and RDIF Make Progress on E-Commerce Venture
Posted on 06/05/2019
Alibaba Group Holding Limited and the Russian Direct Investment Fund (RDIF) disclosed that they will each invest US$ 100 million in a Russian joint venture targeting the e-commerce sector. In addition, RDIF has the option to purchase US$ 194 million worth of shares in the joint venture from Alibaba. The deal was signed in Moscow. […]
