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Alibaba's Russian venture lays off 40% of staff amid war with Ukraine

By Arghyadeep Dutta - May 13, 2022, 02:41 PM ET
Last Updated - Feb 27, 2024, 02:43 PM EST
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Company facing supply chain disruptions due to COVID-19 curbs and Russia-Ukraine war

AliExpress Russia is a joint venture launched in 2019 by Alibaba and Russian partners

Company facing supply chain disruptions due to COVID-19 curbs and Russia-Ukraine war

Chinese e-commerce giant Alibaba Group Holding has laid off about 40% of the employees from its Russian joint venture as the unending Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday, citing an employee with knowledge of the matter.

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It’s unclear if there would be more layoffs in AliExpress Russia, as the commercial division was hit the hardest, according to the report.

Some of the laid-off staff chose to leave voluntarily, and a few relocated, the report said.

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