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Business / Technology

Internet companies eye tie-ups with Russian peers

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

Internet companies eye tie-ups with Russian peers

Founder of China's Alibaba Group Jack Ma (R) with CEO of Yota Devices Vladislav Martynov at a round-table discussion of Chinese and Russian enterprises in Wuzhen, East China's Zhejiang Province, Dec 16, 2015. [Photo/Xinhua]

Medvedev's meeting with Ma and several tech entrepreneurs from both countries are expected to open the doors for further cooperation in trade and technology.

The Russian PM said that Chinese companies are already leaders in many sectors. "Technology development will play a vital role in shaping our future," he said.

According to Ma, during the recent Nov 11 online shopping festival, about one in 10 people from Russia made online purchases through Alibaba's AliExpress, a site dedicated to provide made-in-China products for overseas customers.

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