The Western sanctions on Russia became a bone of contention for Alibaba Group Holding Ltd (NYSE:BABA), as Russia proved to be a bright spot for its AliExpress, the Wall Street Journal reports.
AliExpress Russia was the country's second-largest e-commerce company, with about a 10% market share before the invasion. Since the war, orders from Russia have dropped mainly due to shipping delays and the ruble's depreciation.
