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RDIF says completes joint investment of 7.85pc in AliExpress Russia alongside partners

  • AliExpress Russia is an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners.
  • The acquisition of shares was completed on Jan. 28, the RDIF said in a statement.
Published January 29, 2021 Updated January 29, 2021 05:05pm
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By Reuters
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MOSCOW: The Russian Direct Investment Fund (RDIF) on Friday said it had completed a joint investment to acquire 7.85% of AliExpress Russia, alongside the UAE's Mubadala Investment Company and other Middle East sovereign wealth funds.

AliExpress Russia is an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners.

The acquisition of shares was completed on Jan. 28, the RDIF said in a statement.

Russian Direct Investment Fund

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