Two e-commerce giants shop for growth in Russia

The nation's top two e-commerce companies are gearing up in the Russian market as they seek overseas growth.

Alibaba Group Holding Ltd, China's biggest e-commerce player by revenue, and JD.com Inc, the largest online direct sales company, plan to expand their operations in the country, where online shoppers are eager to buy made-in-China products.

Jack Ma, founder and chairman of Alibaba, said in an interview with Xinhua News Agency that his company will invest more in human resources and technology in Russia.