As eCommerce sales in Russia gather pace, internet firm Mail.ru and Sberbank plan to invest up to $1 billion or 64 billion rubles in a new taxi services and food delivery joint platform. The joint venture is said to compete with Uber and Yandex.Taxi, Reuters...
Russian eCommerce giant Mail.ru, mobile company MegaFon and Alibaba have announced a joint partnership for a new venture called AliExpress Russia JV, according to reports. The new operation will cater to Russia and the surrounding countries of the Commonwealth of Independent States (CIS). It’s estimated to...
Alibaba, the Chinese eCommerce giant, inked a deal Tuesday (September 11) with the Russian Direct Investment Fund and Mail.ru Group to create AliExpress Russia. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Alibaba is partnering with two Russian companies on an eCommerce venture as it looks to form its digital silk road across Eurasia. According to Financial Times, sources reported that Alibaba was close to finalizing a partnership with Russian internet company Mail.ru and sovereign wealth fund...
October 29, 2019
Russia’s Sberbank, which is trying to become more digitally inclined as a financial institution, said it is buying Gazprombank’s holding stake in Mail.ru, a Russian internet company, according to Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. […]
July 25, 2019
As eCommerce sales in Russia gather pace, internet firm Mail.ru and Sberbank plan to invest up to $1 billion or 64 billion rubles in a new taxi services and food...
June 05, 2019
Russian eCommerce giant Mail.ru, mobile company MegaFon and Alibaba have announced a joint partnership for a new venture called AliExpress Russia JV, according to reports. The new operation will cater to...
September 11, 2018
Alibaba, the Chinese eCommerce giant, inked a deal Tuesday (September 11) with the Russian Direct Investment Fund and Mail.ru Group to create AliExpress Russia. Get the Full Story Complete the...
