Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei

FILE PHOTO: Man walks past a logo of Alibaba Group at its office building in Beijing

(Reuters) – Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday. The Chinese e-commerce giant could not be immediately reached for comment. Citing an employee with knowledge of the matter, the report said it was… Continue reading Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war – Nikkei