Financing "Aliexpress Russia" stopped
Shareholders of "Aliexpress Russia" stopped financing the project. The local Aliexpress marketplace in Russia will be closed. The company has already laid off more than half of its employees and abandoned plans to build its own logistics infrastructure in Russia, writes The Bell, citing sources in the Russian e-commerce market.
The largest shareholder of Aliexpress Russia, the Chinese Alibaba Group (47,85%), announced its refusal to continue investing in the project after February 24, 2022, this decision led to the termination of financing of the project by its Russian shareholders - Alisher Usmanov's USM holding (24,3 %), VK (15%) and the Russian Direct Investment Fund (12,8%).
It is noted that before the start of the special military operation in Ukraine, the staff of Aliexpress Russia consisted of about 1000 people. At the moment, more than half of the company's staff has been laid off. "Aliexpress" turns off logistics in Russia, refuses most of the space in the Obukhovo logopark under construction in the Moscow region, where it was going to rent 180 thousand square meters. and is looking for buyers for a logistics terminal under construction in Yekaterinburg, which was supposed to be the first large own regional warehouse of Aliexpress in Russia.
Shareholders of "Aliexpress Russia" stopped financing the project. The local Aliexpress marketplace in Russia will be closed. The company has already laid off more than half of its employees and…
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