E-Commerce

Russian designer invests in US startup to reinvent online travel booking

December 11, 2019

Last month EightyDays, a US startup born in Belarus, secured an undisclosed amount in a seed round of funding from Artem Lebedev. The famous Russian designer saw in this startup’s technology “an incredible, fantastic, extraordinary new way of making travel bookings online” (see video). EightyDays has created a multi-destination booking service intended for international travellers planning a …

Russian designer invests in US startup to reinvent online travel booking Read More

Top brands and thousands of e-commerce professionals to meet in Berlin (Feb. 13, 2020)

February 9, 2020

With more than 7,000 visitors and 180 exhibitors expected, E-Commerce Berlin Expo is the biggest pure-play e-commerce event in the (tech) capital city of Germany. In its 5th edition, the fair will take place in Station Berlin on February 13, 2020. The expo brings together the top players in the e-commerce industry, thus offering online sellers and retailers …

Top brands and thousands of e-commerce professionals to meet in Berlin (Feb. 13, 2020) Read More

Russian VC fund invests in online pharmacy as new legislation could boost the market

November 22, 2019

ExpoCapital Overseas, a division of the Moscow-based venture fund ExpoCapital, has acquired a 7.28% stake in Russian online drugstore Megapteka. Backed by ExpoBank owner Igor Kim, this fund was created in early 2018.  The Megapteka deal was reported earlier this week by business daily Kommersant based on company register information. The details of the deal were …

Russian VC fund invests in online pharmacy as new legislation could boost the market Read More

AliExpress attracted 5 million Russian online shoppers on ‘Global Shopping Day’

November 14, 2019

AliExpress Russia has announced record results for its Global Shopping Day, also known as Singles’ Day, on Nov. 11 and 12.  The sales event attracted 5 million Russian consumers, RBC reported, citing company statements. These online shopping aficionados made more than 30 million purchases amounting to some 17.2 billion rubles ($270 million at the current …

AliExpress attracted 5 million Russian online shoppers on ‘Global Shopping Day’ Read More

Russian e-book leader Litres expands to Poland, Baltic states and Finland

November 6, 2019

Litres, a leading Russian e-book company, has acquired a majority (51%) stake in Eesti Digiraamatute Keskus OÜ (Estonian Digital Book Centre or EDRK). The details of the transactions were not disclosed.    EDRK is an online wholesale e-book platform which controls 90% of the Estonian market, according to company statements cited by Vedomosti. Litres hopes to replicate in …

Russian e-book leader Litres expands to Poland, Baltic states and Finland Read More

Mail.ru Group’s Dmitry Sergeev: “Our e-commerce JV will actively develop social and domestic dimensions”

November 14, 2019

Earlier this month Mail.Ru Group and Alibaba completed their e-commerce joint venture deal with participation from jointly with Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF). This JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls the bulk of e-commerce flows between China and …

Mail.ru Group’s Dmitry Sergeev: “Our e-commerce JV will actively develop social and domestic dimensions” Read More

Massive retail and e-commerce event by EWDN and Russian Post (Skolkovo, Nov. 14-15)

November 20, 2019

On Nov. 14-15, thousands of professionals will gather at the New Retail Forum to discuss global and Russian trends. Join the event to hear more than 150 speakers from leading retailers, service providers and institutions; discover next-gen solutions; and expand your network tremendously! New Retail Forum is the largest event ever organized in Russia on retail and …

Massive retail and e-commerce event by EWDN and Russian Post (Skolkovo, Nov. 14-15) Read More

Alibaba and Mail.Ru complete JV deal to dominate Russian e-commerce

October 9, 2019

As Russian e-commerce is entering a new growth and concentration cycle, Alibaba, Mail.Ru Group, Russian telco MegaFon and sovereign fund Russian Direct Investment Fund (RDIF) today announced the completion of their e-commerce joint venture deal. The JV will leverage on the existing businesses of AliExpress Russia, the B2C marketplace owned by Alibaba which controls the bulk of e-commerce …

Alibaba and Mail.Ru complete JV deal to dominate Russian e-commerce Read More

Russian e-commerce leader Wildberries plans to invest €200 million for EU expansion

October 9, 2019

Wildberries, Russia’s leading e-commerce player (nearly $1.8 billion in revenues generated in 2018), has plans to enter the EU market via Slovakia, the RIA news agency reported, citing company founder Tatyana Bakalchuk. The statements were made at a bilateral Russian-Slovakian government meeting on Sept. 27.  Wildberries eyes Central and Eastern European (CEE) countries as an entry point …

Russian e-commerce leader Wildberries plans to invest €200 million for EU expansion Read More

Evgeny Yakushkin of AliExpress Russia: “Tmall is our fastest growing business in Russia”

October 7, 2019

Addressing the lack of internationally-available information on this topic, East-West Digital News recently released an in-depth report on Russian e-commerce. Each week we publish here its best excerpts, including interviews with major domestic and international players, trend analysis from top market experts, and practical recommandations for companies to succeed in this market.  This series continues today with an exchange with …

Evgeny Yakushkin of AliExpress Russia: “Tmall is our fastest growing business in Russia” Read More

Russian e-commerce continued fast growth in H1 2019, Wildberries stronger than ever

September 11, 2019

Russian e-commerce kept growing fast in the first half of this year, reaching 725 billion rubles (slightly more than $11 billion), up 26% from H1 2018. This estimate, provided by research agency Data Insight, concerns only domestic sales of physical goods.  During this period, 191 million orders were processed by Russian sites, up 44% year-on-year. …

Russian e-commerce continued fast growth in H1 2019, Wildberries stronger than ever Read More

Anna Kuzmina: “The Russian e-commerce market is very big, but not in the way it is usually assessed”

October 7, 2019

Addressing the lack of internationally-available information on this topic, East-West Digital News recently released an in-depth report on Russian e-commerce. Each week we’ll publish here its best excerpts, including interviews with major domestic and international players, trend analysis from top market experts, and practical recommandations for companies to succeed in this market. This series is starting today …

Anna Kuzmina: “The Russian e-commerce market is very big, but not in the way it is usually assessed” Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.