AliExpress Russia to be awarded 30% in KazanExpress


10 March 2021
Kommersant

AliExpress Russia as part of an investment round will be awarded 30% in a company developing the marketplace KazanExpress. The latter now works with the regional suppliers and focuses on consumers from the European Russia, but plans to expand its coverage. In the opinion of experts, AliExpress Russia needs the transaction to broaden its regional presence without large-scale investment in the infrastructure.

Investor profile

Alibaba Group

China

Company's website: www.alibabagroup.com

T: (+86) 571-8502-2088

Public company

Contact: Daniel Zhang, Director and CEO

Set up in 1999, Alibaba has emerged as the largest Chinese e-commerce company. In 2014, Alibaba Group raised $25bn in its IPO at the New York Stock Exchange (NYSE).