Mail.ru and Sberbank create Russia’s leading platform in mobility and food-tech

LONDON: Mail.ru Group and Sberbank have completed the formation of a joint venture (JV) focused on digital technologies for food and transportation markets. All the necessary corporate governance and regulatory approvals, including the approval from Federal Antimonopoly Service, have been received and all documents have been signed. The parties have… Continue reading

Alibaba Group, MegaFon, Mail.ru Group and RDIF close joint venture deal

Moscow: Alibaba Group, a global digital commerce company, MegaFon, a pan-Russian operator of digital services, Mail.ru Group, the leading internet and IT company in Russia, and the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, announce the completion of the joint venture transaction to integrate Russia’s key consumer internet… Continue reading