Alibaba gets 49.9% stake in Russian JV Alibaba ( BABA -2.7% ) signs a binding agreement to form a JV with Russia's sovereign fund RDIF, mobile phone company Megafon, and internet group Mail.ru. BABA will get a 49.9% stake and will co-nominate (with Mail.ru) two CEOs to run the AliExpress Russia JV. Yesterday, Russian media sources reported that JV would close today. The deal happened after receiving antitrust approval. Source: Alibaba statement to Bloomberg.