E-Commerce

11.11 Global Shopping Festival: Striking numbers from Chinese malls

November 30, 2017

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% …

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Yandex.Taxi acquires food delivery service Foodfox

November 27, 2017

Yandex.Taxi — the taxi service of Yandex which is preparing to merge its activities with Uber in Russia and neighboring countries — has acquired  food delivery service Foodfox. The two companies declined to comment officially on the deal, but an unnamed internal source at Yandex.Taxi told RBC, a major Russian business publication, that the taxi hailing service …

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Russian startup Fibrum creates world’s first virtual stores for AliExpress

November 23, 2017

Fibrum, a resident startup of the Skolkovo Foundation’s IT cluster that makes virtual reality headsets, games and platforms, has developed the world’s first chain of virtual stores for the Chinese ecommerce platform AliExpress. The groundbreaking network consists of 121 virtual stores in 11 Russian cities, operated by AliExpress and Tmall, online retail sites owned by China’s Alibaba …

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How Chinese online retailers leverage CPA campaigns to secure fast growth on the global market

November 4, 2017

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 …

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New report highlights latest global e-commerce and e-payment trends

November 2, 2017

The Paypers, an international industry resource, has just released the 8th edition of its “Online Payments and Ecommerce Market Guide,” addressing the most important trends in the global market. In today’s e-commerce and payment market, both merchants and PSPs need more balance between security and convenience for consumers, as well as implementation of omnichannel payments and …

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CPA network anticipates $500 million global sales this year for Chinese online retailers

November 6, 2017

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, …

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Top e-commerce players, experts and officials meet at major industry event in Moscow (October 31)

October 21, 2017

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 …

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Russian and US funds team up to support Armenian food delivery startup

October 20, 2017

SOLventures, a Russian venture fund focusing on IT and e-commerce projects, has just taken part in a $3 million round of funding for Armenian food delivery startup Menu Group. The round also involved such US-based funds as Perea Capital and Hayastan 1. Menu Group, which touts itself as “the leader of the restaurant food delivery …

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Report: China, India and Russia among the top 36 countries for marketplace expansion in 2018

October 13, 2017

Earlier this month Hyperwallet, a US-based payment solution provider, released its 2018 Marketplace Expansion Index. Intended for “gig economy” startups, ecommerce marketplaces and social selling companies, this report aims to identify the countries offering the most favorable conditions for marketplace expansion. No fewer than 209 countries were compared across 10 key indicators like infrastructure, e-commerce activity, foreign …

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Burger King Russia launches “Whoppercoin,” accepts crypto as payment method

October 3, 2017

Burger King Russia has just launched Whoppercoin, a cryptocurrency which can be traded for Whoppers.  For each ruble spent at Burger King locations in Russia, diners will get a quantity of Whoppercoin sent to their digital wallet via Waves, a Russian-based Blockchain platform. “Now a Whopper is not only a burger that people in 90 different …

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Red panic: Kaspersky pulled from major US retailer’s shelves, banned from federal government computers

September 14, 2017

US retailer Best Buy has pulled from its shelves Kaspersky Lab’s PC security software amid fears of Kremlin spies using the antivirus tool to snoop on Americans — even though there is no concrete evidence to indicate that the security software is a threat. In an exchange with UK’s The Register, the store chain confirmed its decision, but …

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