According to a Morgan Stanley report released last month, the Russian e-commerce market for physical goods will grow to $31 billion by 2020 and may reach $52 billion by 2023 – up from around $18 billion (1,040 billion rubles) in 2017. “Russia is the last major emerging market without a dominant online retailer. Russia is at …
Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023 Read More
Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced a “strategic partnership” that encompasses such a wide area as e-commerce, social media, online entertainment and communications combined. The agreement aims to leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls a …
Alibaba, Mail.Ru Group and the Russian Direct Investment Fund (RDIF) are in discussions to create an e-commerce joint-venture in Russia. No official statements have been made, but unnamed insiders have told the news agency Interfax and the business daily Kommersant that the discussions are “at an advanced stage.” Alibaba is a major player on the Russian …
Alibaba, Mail.Ru and Russian Direct Investment Fund in talks to launch e-commerce platform Read More
On November 11 each year, Alibaba Group, China’s biggest e-tailer, holds its flagship event, the “11.11 Global Shopping Festival.” This year was no exception. With much fanfare, the group announced that the event generated $25.3 billion of gross merchandise volume (GMV) – an increase of 39% compared to 2016. Mobile GMV settled through Alipay accounted for 90% …
11.11 Global Shopping Festival: Striking numbers from Chinese malls Read More
Chinese e-commerce companies will generate nearly half a billion US dollars in cross-border revenues this year through admitad’s CPA platform, the company has revealed. This considerable volume accounts for just a fraction of Chinese online retailers’ international business, since admitad is not the only affiliate network available to these retailers, and CPA is not the …
International affiliate network admitad has just released impressive numbers about the global activities of Chinese e-commerce companies. admitad expects these players to generate no less than half a billion US dollars in revenues this year via its CPA platform. Needless to say, this volume accounts for just a fraction of Chinese online retailers’ international business, …
CPA network anticipates $500 million global sales this year for Chinese online retailers Read More
On October 31, Moscow will host E-Commerce in Russia. New retail. New opportunities, an annual conference by Kommersant, Russian major publishing house, for e-commerce, internet-trade and multichannel networks highlighting present and future trends of online trade in Russia. The agenda will cover the following topics: E-commerce regulation in Russia: the Google tax law on digital …
The market of goods being sold from Russia to foreign customers is already significant, PayPal Russia’s Head Vladimir Malugin said in a recent interview with The Moscow Times. This market was worth about $2 billion last year, up 32% from 2015, according to a research conducted jointly by PayPal and the Data Insight agency. Digital goods …
After almost three years of fall or stagnation, Western retailers’ sales to Russian online consumers are resuming – in certain cases dramatically. This new trend was discussed earlier this month at the Global E-Commerce Summit in Barcelona in a special Russia round table, where Russian and international players shared their most recent sales data. Thus ASOS …
Western e-commerce companies see cross-border sales to Russia resume dramatically Read More
On June 27-28 DELIVER, an invite-only event dedicated to international e-commerce logistics and European policy making, will hold its second edition in Berlin’s Funkhaus. This even will gather prominent retailers from all continents with a focus on Europe’s largest e-commerce markets (UK, Germany, France, Spain, Italy, Russia, Benelux, Nordics). The organizers expect some 800 delegates from 50 …
AliExpress, the Alibaba subsidiary which has overwhelmed the Russian e-commerce scene with cheap Chinese products, is still expanding aggressively in the country. The Chinese company, which opened its platform to Russian merchants in late 2015, has announced that domestic deliveries will be performed in just one day. At start, the one-day delivery standard will apply …
With one-day delivery, AliExpress competes with domestic Russian e-commerce players Read More
AliExpress, the Alibaba subsidiray, has just launched ‘AliExpress LIVE,’ a video service which allows customers to buy the displayed goods immediately. Thus sellers, bloggers and brands will benefit from a new channel to promote their offerings on the marketplace in connection with social networks. The video service is available only to brands and bloggers approved by AliExpress. There …
AliExpress launches first e-commerce live video service in Russia Read More
