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Russian Analogue for Alibaba Possible – Alibaba Founder

It is possible to establish a Russian analogue for the Chinese e-commerce company Alibaba, Jack Ma, founder of Alibaba, told Sputnik on Thursday.

E-Commerce - Sputnik International
Russia Draws Up Plan for Integrated E-Commerce Export Platform Launch
ST. PETERSBURG (Sputnik) – That is possible to create an analogue for Alibaba in Russia, Ma told Sputnik on the sidelines of the St Petersburg International Economic Forum (SPIEF).

However, Alibaba itself cannot implement such a project in Russia alone, the company needs a partner that will support it in Russia, Ma said.

Alibaba, China's biggest e-commerce group that includes such online shopping websites as Taobao, AliExpress and Tmall, was founded in 1999. According to the company’s statistics, last year ended in March Alibaba’s revenue amounted to more than $15.3 billion.

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