E-Commerce

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership

December 3, 2018

Ozon, one of the leading Russian e-commerce companies, intends to raise several hundreds of million USD in equity next year to support new investments in logistics and IT. As these plans were aired in the Russian media by the company’s general director Alexander Shulgin, an unnamed source told Kommersant that Ozon wants to raised “more …

Ozon needs “more than $200 million” to remain in the running for e-commerce leadership Read More

German Westwing sells Russian e-commerce business to Elbrus Capital

November 27, 2018

Westwing, a German e-commerce company selling furniture and designer home accessories, has sold to one of the funds of Elbrus Capital its subsidiary covering Russia and Kazakhstan. This full acquisition was closed in mid November, Elbrus Capital Senior Partner Dmitry Kryukov told Russian business daily Kommersant. The amount of the transaction has not been disclosed, but in …

German Westwing sells Russian e-commerce business to Elbrus Capital Read More

S8 Capital acquires Price.ru, Rambler & Co seeks new focus

November 21, 2018

S8 Capital, a diversified Russian holding, is to acquire Price.ru, a property of Rambler & Co. In an exchange with East-West Digital News, S8 Capital confirmed that it will fully acquire Price.ru in a transaction that will be completed next year. The amount of the deal has not been disclosed, but business daily Kommersant cited “a source close …

S8 Capital acquires Price.ru, Rambler & Co seeks new focus Read More

AbeBooks closes bookseller accounts in Russia and three other countries due to cross-border payment issues

November 9, 2018

Last month AbeBooks, an online book retailer founded in 1995 (acquired by Amazon in 2008), announced its intention to close bookseller accounts in Czechia, Hungary, South Korea and Russia, starting from Nov. 30. Activities in these countries are “no longer viable to operate due to increasing costs and complexities,” AbeBooks stated.  AbeBooks’ service will continue in …

AbeBooks closes bookseller accounts in Russia and three other countries due to cross-border payment issues Read More

Usmanov drops Mail.Ru control to protect the group from potential US sanctions

October 31, 2018

Russian billionaire Alisher Usmanov, whose holding company USM so far controlled Mail.Ru Group via MF Technologies, “is no longer the ultimate controlling party” of the group, according to a statement published earlier this week. USM and MegaFon, two key shareholders of MF Technologies, have authorized the group’s management led by CEO Boris Dobrodeev to exercise voting rights …

Usmanov drops Mail.Ru control to protect the group from potential US sanctions Read More

Morgan Stanley sees Russian e-commerce grow nearly 3-fold by 2023

October 9, 2019

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

Hundreds of Russian and international fashion retailers to meet in Moscow (Oct. 24)

October 27, 2018

Co-organized by EWDN, this highly technological forum is intended for business owners as well as commercial, IT and marketing managers from online and omnichannel retail. From mass market to luxury brands, over 30 top managers from Russia and beyond will share their experience through roundtables, discussions, and workshops. Speakers include representatives of AliExpress, Ile de beauté, …

Hundreds of Russian and international fashion retailers to meet in Moscow (Oct. 24) Read More

Sberbank, Rambler & Co and UCS join forces to create multifunction food service platform

October 12, 2018

Sberbank, Russia’s national savings bank, Rambler & Co, a sizable Internet group, GHP Group, a wealth management and financial advisory, are joining forces to create a multi-function platform for the Russian restaurant and food delivery market. Also taking part in the venture are Grigory Gurevich and Evgeny Malakhov, who are the founders of restaurant automation software …

Sberbank, Rambler & Co and UCS join forces to create multifunction food service platform Read More

German retailers leave Russia

October 2, 2018

Westwing, a German online store of furniture and designer home accessories, is leaving Russia after six years of operations in the market. The company is also selling its affiliates in Kazakhstan and Brazil, reports DW. “Westwing has made a strategic decision to focus on its main business in Europe,” the company representative told DW, while …

German retailers leave Russia Read More

VKontakte develops object recognition and artificial intelligence tools to boost social commerce

October 2, 2018

VKontakte (VK), Russia’s leading social network and a property of Mail.Ru Group, is developing a technology for object recognition in photos and video recordings, with a special button to purchase the corresponding products in just one click. The project was unveiled at a recent meeting with investors and analysts, the TASS news agency reported last …

VKontakte develops object recognition and artificial intelligence tools to boost social commerce Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.