DLA Piper has advised KazanExpress, Russian online retail service, on an investment round from AliExpress Russia, a joint venture between China’s Alibaba Group and Russia’s MegaFon, Mail.ru Group and Russian Direct Investment Fund. Following the transaction, AliExpress Russia will hold a 30% stake in KazanExpress.
KazanExpress.ru is an online marketplace for Chinese and Russian goods with free one-day delivery. The investment will help the company expand its logistics platform, supporting its active expansion from 33 to 127 cities in the European part of Russia.
DLA Piper advised KazanExpress on corporate and finance matters. The Moscow-based team was led by Corporate partner and global co-chair of Emerging Growth and Venture Capital Leo Batalov, assisted by legal director Andrei Sheetkin and associate Alexandra Braterskaya, as well as Finance and Projects legal director Alexei Kolesnikov.
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