Asia Deal Digest, published periodically, is a compilation of some of the largest deals carried out in Asia.

China/Hong Kong

• Debevoise & Plimpton Hong Kong partner Edwin Northover is advising Alibaba Group Holding Ltd. on a joint venture in Russia called AliExpress Russia JV, with Russian internet company Mail.ru Group Ltd., Moscow-based telecommunications operator MegaFon PJSC and Russian sovereign-wealth fund Russian Direct Investment Fund. Debevoise Washington, D.C., partner Satish Kini and London-based James C. Scoville are also advising Alibaba on the deal. The deal, which according to media reports is worth $2 billion, was approved by Russian regulator the Federal Antimonopoly Service earlier this month. Akin Gump Strauss Hauer & Feld London partner Artem Faekov is advising Mail.ru. He is supported by Moscow partner Vladimir Kouznetsov and London partner David Sewell. Cleary Gottlieb Steen & Hamilton is advising MegaFon. Linklaters is representing the Russian Direct Investment Fund.