China's Alibaba to invest $100 million in Russian e-commerce JV
MOSCOW (Reuters) - China's Alibaba and Russia's RDIF sovereign wealth fund will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday.
He also plans to invest Billions in Russia's AI .
Jack Ma used to want to invest here in the United States. Guess we just pushed him to the Russian side.
That $100 million was proposed to Trump before trade war. Alibaba’s Jack Ma backs down from promise to Trump to bring 1 million jobs to the US.
Look at that -- the world continues on without us. We really don't have the power we once did.
I was in Moscow last year. They’re not hurting at all
$100million is nothing when your GDP has crashed 40%
TrumPutKim18 hours ago
GREAT NEWS TO OUR RUSSIAN FRIENDS AND ALLY!!!
Russians have money? The ruble is literally worth less than my toilet paper.
LOL, china is going to try to drag them out of the stone age.
let the Russians buy counterfeit goods its illegal in the US
Rodger Olsen19 hours ago
I wonder if the Chinese know just how bad the Russian post system is. It is one of the major stumbling blocks for e-commerce in Russia.
That’s $100 million that Jack Ma and Alibaba can kiss good-bye! The Russians are all thieves!
That’s 100 million lost. Nothing but failure from Russia. Or that what history shows.
Thomas23 hours ago
great let china steal russian technology
Do you know what the Russians always call the Chinese.... ??
Chinese chopped and dug up the whole Siberia and now move to the WWW. Good luck Russia!
Ed19 hours ago
pity the russkies. They are about to get flooded with nasty pathetic copy cat cheenie fakes