Alibaba Group Founder Hopes For More Joint Projects With Russia

Alibaba Group Founder Hopes for More Joint Projects With Russia

Jack Ma, the founder of China's largest e-commerce company Alibaba Group and one of the richest people in China, told Sputnik on Tuesday that the company would have "more and more" joint projects with Russia in future.

VLADIVOSTOK (Pakistan Point News / Sputnik - 11th September, 2018) Jack Ma, the founder of China's largest e-commerce company Alibaba Group and one of the richest people in China, told Sputnik on Tuesday that the company would have "more and more" joint projects with Russia in future.

Earlier in the day, it was announced on the sidelines of the Eastern Economic Forum (EEF), which is currently being held in the Russian Far East, that the Russian Direct Investment Fund (RDIF), Alibaba Group, Russian mobile phone operator MegaFon and Russian internet company Mail.Ru Group would create a joint venture that would operate in the social commerce sphere.

"There will be more and more of them [joint projects] eventually," Ma told Sputnik, asked about other possible projects in Russia.

Ma participated in Russian President Vladimir Putin's meeting with 26 foreign businesspeople that was held on the sidelines of the EEF earlier in the day.

The fourth edition of the EEF, which kicked off on the island of Russky in the Russian city of Vladivostok earlier on Tuesday, will last until Thursday. Rossiya Segodnya International Information Agency is the general information partner of the forum.