Which brands are part of Alibaba Group:
Alibaba(.)com online store, Taobao(.)com online retail store, Alipay online payment platform, Alisoft online business management software, and Yahoo! Koubei
What Alibaba Group makes:
Business-to-business B2B transactions, online retail.
*If you found the answer to your question, support our volunteer project by subscribing or donating:
One-time donation to the bank
Monthly subscription
April 10, 2022 - boycott Russia official (Alibaba Group):
“@Aliexpress, an online retailer owned by @alibaba.com_official, sees nothing wrong with doing business with killers
Alibaba's largest market outside China has been Russia since 2013, and its Russian business has grown so large that it eventually founded a new joint venture, AliExpress Russia.
AliExpress Russia serves 35 million active users every month and does not intend to close its business in Russia. AliExpress even lowered the dollar from 120 to 90 rubles.
Alibaba, you have to understand that in the civilized world it doesn't work that way. You cannot work with terrorists and be an international leader in retail. We cannot turn a blind eye to war and be respected and accepted in the world. ”
Source
Has Alibaba left the Russian market? August 17, 2023 - kse institute:
The Russian Federation and the People's Republic of China already have experience of cooperation in the IT sphere. One of the Russian developers works with the Chinese company Alibaba Group:
"The National Agency for the Prevention of Corruption (NACP) has included the Chinese group of companies Alibaba Group Holding Limited, which owns the largest online trading platform AliExpress, on the list of "sponsors of international war." The reason for such a decision in the NAZK was called the continuation of the company's work in Russia, in particular, the provision of a platform for the sale of goods produced by the Debaltseve plant of metallurgical machine-building in the DPR."
Alibaba has a joint venture in Russia. On the territory of Russia, the online commerce platform AliExpress, which is managed by the Russian subsidiary of the Alibaba Group LLC "Alibaba.KOM (RU)", has become the most widespread. The owner of Alibaba.KOM (RU) LLC is Aliexpress Russia Holding Private Ltd, registered in Singapore. As of 2023, the company continues to conduct business in Russia, providing an international platform for sales of foreign goods. The profit of Alibaba.KOM (RU) LLC for 2022 amounted to 16.3 billion rubles (about $160 million).
Source
Who has not left the Russian market? September 16, 2024 - Yale School of Management (Alibaba Group):
A bit of background to the fact check source:
“We have a team of experts with experience in financial analysis, economics, accounting, strategy, management, geopolitics and Eurasian affairs, fluent in ten languages, including Russian, Ukrainian, German, French, Italian, Spanish, Chinese, Hindi, Polish and in English, collecting this unique set of data from open sources such as government regulatory documents, tax documents, company reports, financial analysts' reports, Bloomberg, FactSet, MSCI, S&P Capital IQ, Thomson Reuters and business media from 166 countries; as well as non-public sources, including a global wiki-style network with more than 250 company insiders, informants and management contacts. ”
Alibaba Group company status according to the analysis: continue sales in Russia
Source
*If you found the answer to your question, support our volunteer project by subscribing or donating:
One-time donation to the bank
Monthly subscription
Brands: Online store Alibaba(.)com, Taobao(.)com online retail store, Alipay online payment platform, Alisoft online business management software, and Yahoo! Koubei