11:38 GMT +324 September 2019
Listen Live
    Jack Ma, Founder and Executive Chairman of Alibaba Group, speaks during the session 'An Insight, An Idea with Jack Ma' in the Swiss mountain resort of Davos January 23, 2015

    Alibaba CEO Hopes JV With Russia's Sberbank Starts 'as Soon as Possible'

    © REUTERS / Ruben Sprich
    Get short URL
    0 34

    The head of Alibaba e-retail giant Jack Ma told Sputnik on Thursday he hopes a joint venture with Russia's Sberbank would start working as soon as possible.

    DAVOS (Sputnik) — Sberbank and Alibaba are planning to set up an e-commerce joint venture in in 2017.

    "It is still in the process. I hope as soon as possible," Ma said, asked when the joint venture can start working.

    He said that he did not yet have the specific figures on how much Alibaba was ready to invest into the joint venture with Sberbank.

    "I don't have any specific number yet, we are still talking, and our team will tell me the number later," Jack Ma said.

    Jack Ma told Sputnik he could attend the 2017 St. Petersburg International Economic Forum (SPIEF).

    "I hope so," Ma said, adding that he is a frequent visitor to St Petersburg and his schedule is being worked out at the moment.

    The 2017 SPIEF event is due to take place in June.

    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed!


    Alibaba and 10 Shopping Miracles
    Alibaba Poised to Buy Into Financial Media Outlet
    China’s Alibaba Group Registers Office in Russia
    Russian Analogue for Alibaba Possible – Alibaba Founder
    Chinese Customers Order Taste of Russia from Alibaba's New 'Russian Pavilion'
    Jack Ma Reveals Secret of Alibaba's Astounding Success
    Alibaba Group, Sberbank, Jack Ma, China, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik