U.S. Markets closed

Why Alibaba Is Teaming Up with Mail.Ru

Sean Allen
Why Alibaba Is Teaming Up with Mail.Ru

Alibaba (BABA) is looking to expand its horizons beyond China. The company has already made a number of strategic investments in Asian companies. Alibaba is taking a page out of Softbank’s playbook by investing in startups. The company backs leading Indian digital wallet PayTM, among other companies.