Alibaba, which is steadily expanding its reach beyond China as part of a global expansion, will access Mail.ru’s large audience through two of the country’s most popular social networks. This week Jack Ma (left) said he would step down and be replaced by Daniel Zhang (right) in a year’s time as executive chairman. Photo: Reuters

Alibaba signs US$2 billion Russia JV with Kremlin-backed fund and billionaire Usmanov’s Mail.ru

Topic |   Alibaba

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Alibaba, which is steadily expanding its reach beyond China as part of a global expansion, will access Mail.ru’s large audience through two of the country’s most popular social networks. This week Jack Ma (left) said he would step down and be replaced by Daniel Zhang (right) in a year’s time as executive chairman. Photo: Reuters
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