Cross-Border Sales

KupiVIP launches cross-border e-commerce offer in Kazakhstan

June 16, 2015 June 22, 2015

KupiVIP, a major Russian online flash-sales company also operating in Kazakhstan, has extended its cross-border offer to this Central Asian country. Now KupiVIP’s Kazakhstani customers may purchase heavily-discounted items directly from “one thousand European brands,” according to the company. These brands include Tod’s, Lacoste, Furla, Escada and many other popular ones from Italy, France, the UK, …

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Alibaba opens Russian company, teams up with Skolkovo

June 8, 2015 January 23, 2017

Chinese e-commerce giant Alibaba Group has registered a Russian subsidiary as its subsidiary AliExpress expands its hold over the Russian e-commerce market, Kommersant reported last week. A Russian company named Alibaba.com was registered on May 15, the business daily reported. The information was confirmed by Mark Zavadskiy, General Manager at Alibaba Russia. “Alibaba Group founded a new company …

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Russian regulator to stop Apple and Google from selling Hitler’s ‘Mein Kampf’

May 21, 2015 September 2, 2015

Russian prosecutors have demanded that the country’s media watchdog block access to sections of Apple’s App Store and Google Play that allow Russian users to download the works of Adolf Hitler and Islamic writer Sa’id bin Ali bin Wahf Al-Qahtani, the Izvestia newspaper reported Thursday. The move follows months of bluster by the watchdog, Roskomnadzor, over the hawking of “extremist” material to Russians by foreign Internet companies. But this time the threat …

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Russia starts blocking websites selling banned Western food

May 13, 2015 May 16, 2015

Russia’s Prosecutor General’s Office has blocked access to three websites selling imported food as it strengthens control over the illegal sale of select Western goods sanctioned by Russia, newspaper Izvestia reported Tuesday. The blocked websites sold banned cheeses, according to news website Lenta.ru. Prosecutors have also filed lawsuits against four more online shops that sell …

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Cross-border e-commerce: Adapting payment options to Russian online consumers

May 12, 2015 February 24, 2016

In a cross-border market that is still growing fast, reaching around $4 billion in 2014 for physical goods, the Russian payment issue is to be considered carefully by foreign online retailers. So far, not all of them have adapted their approach to the local specificities in the field of payments — which certainly stands as an obstacle to attracting more Russian …

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Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable”

May 7, 2015 July 2, 2017

Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Funded initially by major US investment funds, then by Russian investors, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from over 1,000 merchants. In a recent …

Wikimart co-founder and CEO Maxim Faldin: “Virtually all Russian legitimate e-commerce companies are unprofitable” Read More

iTech Capital invests $2 million in Ukrainian-Russian mobile marketing startup Clickky

April 29, 2015 February 24, 2016

Moscow-based venture fund iTech Capital announced today it has invested $2 million in Clickky. Operating globally from its headquarters in Odessa, this Ukrainian-Russian startup has developed a comprehensive mobile app marketing platform with in-house proprietary technology for user acquisition, traffic monetization and performance analysis. The investment will support Clickky’s expansion into the United States, South-East Asia and other emerging markets, …

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June 4-5: Top executives and experts to discuss Russian and global e-commerce trends in Moscow

April 29, 2015 May 12, 2015

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …

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Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts

April 28, 2015 February 15, 2017

Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to launch a co-branded loyalty program. Associated with MasterCard credit and debit cards, this program is the first of its kind in the world, said …

Loyalty program, mobile payments, personal data storage: AliExpress to conquer Russian e-commerce on all fronts Read More

Industry leaders to discuss Russian and global e-commerce trends at Moscow conference

April 17, 2015 February 25, 2016

Industry leaders to discuss Russian and global e-commerce trends at Moscow conference Read More

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”

April 10, 2015 February 25, 2016

Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion. In spite of the current economic downturn in Russia, Ulmart expects continued growth this year and considers a Western …

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO” Read More

eBay and PayPal to comply with Russian personal data storage law earlier than Sept. 1 deadline

April 10, 2015 February 15, 2017

eBay has become the first US company to say it will comply with the new Russian legislation requiring businesses to store Russian users’ personal data in Russia, business daily Kommersant reported earlier this week. Vladimir Dolgov, eBay’s general manager in Russia, met with a deputy head of telecom regulator Roskomnadzor last week to clarify “a series of questions” related to the law.

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