China wins online sales in Russia
Chinese online vendors have won the lion’s share of Russia’s cross-border e-commerce business over competitors from Europe and the U.S., spurred on by the ruble’s continued decline and a recession that has prompted Russians to shop for less expensive items. Chinese firms took 65 percent of Russian online orders from abroad in 2014, according to a report by the East-West Digital News. “In 2014, Russians placed about 50 …