State-owned investment vehicle Russian-Direct Investment Fund (RDIF) will join e-commerce firm Alibaba to invest in Russia-based internet companies, Interfax reported yesterday.
The partnership will seek out online-based businesses looking to expand their operations internationally, as well as investments that improve Russia’s internet network infrastructure.
RDIF has ties with Chinese government investors, having partnered the state-owned China Investment Corporation to put $2bn into the Russia-China Investment Fund joint venture in 2012.
Both parties added $1bn to the vehicle in July 2017…
