Alibaba lays off 40% of AliExpress Russia staff amid Ukraine war - Nikkei

FILE PHOTO: A man walks past a logo of Alibaba Group at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/

(Reuters) - Alibaba Group Holding has laid off about 40% of the staff in its Russian joint venture as the ongoing Ukraine crisis disrupts cross-border business, the Nikkei reported on Friday.

The Chinese e-commerce giant could not be immediately reached for comment.