As Chinese players are making their move into Russia’s booming cross-border e-commerce scene, AliExpress, the B2C platform of Chinese e-commerce giant Alibaba, has become Russia’s most visited e-commerce platform and one of the country’s top 10 most visited websites. This past July, according to TNS, the site attracted no fewer than 15.9 million users of …
The past few months have seen several significant moves on the booming China-to-Russia cross-border e-commerce scene. This important market represents roughly one half of international e-retailers’ total sales to Russia, or up to $1.5 billion last year, according to a study by East-West Digital News, but still suffers from product quality and delivery time issues. …
Chinese giants make their move into Russia’s booming cross-border e-commerce scene Read More
The online marketplace eBay and Russian Post have signed a memorandum of cooperation in order to reduce the time of delivery of goods to Russia from the company’s major markets. The agreement on the joint delivery of parcels was signed by Vice-President of eBay Wendy Jones and Director of Russian Post Dmitry Strashnov. Both customers …
eBay and Russian Post agree to accelerate cross-border deliveries to Russia Read More
Some foreign players panicked last week when they learned about the new rules adopted by the Russian parliament regarding the collection and storage of personal data – which will be allowed only on Russian territory starting from Sept. 2016. Concerns were fuelled by inflated media reports, including a Google Translate-based article that appeared on an …
Earlier this week Shopfans.ru, a Russia-focused mail-forwarder and marketplace for US retailers, informed its consumers about a new delivery option to Russia through Kazakhstan, Russian newspaper RBK Daily reported. With both countries members of a customs union, this transit service allows buyers to circumvent the 150-euro tax-free limit on purchases from foreign retailers, which the …
In a bid to secure their business flows in the current tense international context, two major Russian IT industry players – outsourced software developer Luxoft and game publisher Game Insight – have announced their partial move to other countries. One of the most impressive success stories in the global mobile games industry, Game Insight announced …
Russian mobile game publisher Game Insight and IT outsourcer Luxoft move to Eastern Europe Read More
India’s largest online retailer, Flipkart, announced earlier this week a $210 million investment led by DST Global, the later-stage Internet investment fund founded by Russian billionaire Yuri Milner. “Flipkart is one of the fastest growing internet companies globally led by visionary founders,” Milner said.
Interest in the fast-growing Russian digital content market received further confirmation this past Friday with the announcement of a $6.5 million investment by Umart, Russia’s number one online retailer, in Dream Industries, a Moscow-based developer of digital content platforms. The move came just one week after e-commerce pioneer Ozon acquired a stake in Russia’s e-book …
eBay has signed a deal with Russian online store Dostami.ru that will increase the American Internet auction giant’s deliveries from the U.S. to Russia and the former Soviet republics, Lenta.ru reported Tuesday, citing representatives from both companies. The agreement will allow eBay users in the CIS to buy from sellers who don’t deliver to the region, and also to receive goods purchased from different sellers in one package, Vladimir Dolgov, …
eBay partners with Dostami.ru to make deliveries from US to Russia easier Read More
Launched in 2008 by Stanford graduates Maxim Faldin and Kamil Kurmakaev, Wikimart had the initial ambition of creating a Russian analog of eBay. Heavily funded by major US investment funds, the startup has now become a major marketplace offering its own products alongside nearly 2 million items from 1,500 third-party merchants. In this interview with the …
East-West Digital News is proud to announce Russia’s first internationally-oriented industry event, the e-Days E-Commerce Conference, which will be held on June 6 in Moscow in partnership with comScore, InternetRetailer.com and PwC as well as with western chambers of commerce, Russian industry associations and online marketing agency BuzzFactory joining as co-organizers. Virtually all the industry’s leading players – including …
Industry leaders to discuss Russian and global e-commerce trends at Moscow conference Read More
Recent political tensions and even a cold-war style warning from the FBI have not slowed the flow of Russian venture capital into US startups, nor have they stifled so far the American entrepreneurs’ appetite for these investments. In the past two months, no fewer than six publicly disclosed deals have been concluded between US based …
Far from politics, Russian money still fuels US startups Read More
