Shareholders of Aliexpress Russia refused to finance the company 08.10.2022
All shareholders of Aliexpress Russia refused to invest in the project, three sources said call in the Russian e-commerce market. The reason was a special operation in Ukraine.
The largest share in Aliexpress Russia belongs to the Chinese Alibaba Group (47.85%). Other shareholders are Russian structures: USM Alisher Usmanov (24.3%), VK (15%) and Russian Investment Capital (RDIF, 12.8%).
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After February 24, the company notified partners that it had stopped investing in the project.
According to one source, Alibaba has set an investment goal “on a purely aggregate basis.” Also after Feb. 24, the Chinese “without much reference to inspection” “virtually said they would not invest any more,” added another.
After that, USM and RDIF investigations were carried out, which, according to one of the interlocutors, were sentenced and “wasn’t up to it.” However, if Alibaba decides to continue investing, then one of the Russian shareholders will be behind it, “but Alibaba said that it was no longer interested in it,” he said.