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Alibaba fires 40% of AliExpress employees in Russia over the war in Ukraine

The Russian-Chinese trading platform AliExpress Russia has laid off about 40% of its employees in Russia due to the fact that cross-border business has been disrupted due to the war in Ukraine, Nikkei reported on Friday.

According to a Nikkei source, the joint venture’s commercial unit suffered the most from the cuts. AliExpress Russia, a joint venture established by Alibaba and its Russian partners in 2019, carries out domestic and international transactions.

The company is dependent on cross-border sales for more than three-quarters of its business and is slower to benefit from the pandemic e-commerce boom as supply chains adjust to new travel restrictions.

He was also affected by the consequences of the Russian-Ukrainian war.

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Source reuters
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