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Alibaba opens Russian company, teams up with Skolkovo

Chinese e-commerce giant Alibaba Group has registered a Russian subsidiary as its subsidiary AliExpress expands its hold over the Russian e-commerce market, Kommersant reported last week.

 

A Russian company named Alibaba.com was registered on May 15, the business daily reported. The information was confirmed by Mark Zavadskiy, business development director for AliExpress in Russia and the CIS.

 

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