As a growing number of Chinese e-commerce companies are entering the Russian market, or considering to do so, Russian search giant Yandex has opened an office in Shanghai.
Last week a company representative indicated that Yandex is renting office in a business center with several people, “but the staff will be expanded progressively as the number of tasks increases,” according to TASS.
Chinese e-commerce sites, such as JD.com, LightIntheBox and DHGate are currently working with Yandex on advertising, as well as transport companies (for example, Hainan Airlines), and production companies (ZKTeco), notes the news agency.
- Market players, service providers, government officials and top experts from Russia and China will be gathering on October 5-6 at the China-Russia E-Commerce Summit. This event – the very first of its kind – is being organized jointly by East-West Digital News, the NAMO industry association and Chinese commercial platform Osell, together with other key market players.
