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Internet companies eye tie-ups with Russian peers

Updated: 2015-12-17 07:39
By Meng Jing and Ma Si (China Daily)

Internet companies eye tie-ups with Russian peers

Russian Prime Minister Dmitry Medvedev presides over a round-table discussion of Chinese and Russian enterprises in Wuzhen, East China's Zhejiang province, Dec 16, 2015. Representatives from Chinese and Russian enterprises, including Alibaba Group, Tencent and Skolkovo, participated in the discussion. [Photo/Xinhua]

Russia may well be the next big market for Chinese Internet firms, as the European country looks to further expand its cyberspace capabilities, according to top industry officials.

Jack Ma, executive chairman of China's e-commerce giant Alibaba Group Holding Ltd, said on Wednesday that Russia has the right credentials to duplicate China's success in e-commerce.

"We are hopeful of building an e-commerce infrastructure, including e-commerce platforms, Internet finance and smart logistics, in Russia," he said. Ma's comments came after a meeting with Russian Prime Minister Dmitry Medvedev at the ongoing Second World Internet Conference.

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