Alibaba Group, Megafon, Mail.ru Group and RFPI created AliExpress Russia. The joint venture will become the largest online retailer in Russia, outperforming the competitor from Sberbank, Yandex, VTB and the Russian Post.
This is one of the largest deals for Sistema VC.
Mikhail Prokhorov completed the deal to sell 49% in the club of the National Basketball Association "Brooklyn Nets" co-founder of Alibaba Group.
The tallest Russian oligarch (204 centimeters) withdraws to cash from all his projects. NBA club Brooklyn Nets is no exception: the share of Mikhail Prokhorov is smaller than the Alibaba Group founder's Joseph Tsai.