International players are eyeing the Russian e-commerce market, which reached some $26 billion last year (including $16 billion for physical goods), according to EWDN’s latest industry reports. In spite of the economic crisis in Russia and the ruble’s depreciation, Russia is still a land of opportunities for foreign players — Chinese and Western ones alike, — …
Russia’s e-commerce market continued to grow at double-digit rates last year even as offline retail was severely affected by the economic crisis. According to the new edition of EWDN’s Russian E-Commerce Report, which cites data from Russian agency Data Insight, online sales in 2016 exceeded $26 billion, growing more than 20% year-on-year. Included in this figure are some …
Mars Inc. has launched an online store of handmade chocolate sweets in Russia. The sweets are sold under the popular Russian brand ‘A. Korkunov,’ which Mars Inc. acquired in 2008 as a part of Wm. Wrigley Jr. Company. This brand accounted for 2.6% of the Russian chocolate retail market in 2016, with sales amounting to 12.65 …
Mars launches online sales of premium chocolate sweets in Russia Read More
This year DPD is celebrating its 25th anniversary in Russia. The company started its operations by transporting large-size equipment for the oil sector. In 1998, the Swedish post acquired a share in the company. In 2004, GeoPost – an international holding which is part of Groupe La Poste – acquired it. The company started serving …
Russia’s Sistema Asia Fund has just led a $6 million round of financing for Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery app for women. The news was reported on Monday by Vedomosti, a leading Russian business daily, based on exchanges with a fund representative. An unnamed source close to the fund added that Sistema …
Russia’s Sistema Asia Fund leads $6 million round for Indian fashion discovery app Read More
Starting January 1, foreign companies selling e-content via the Internet in Russia are required to register private offices in Russia, submit information on their sales in the country, and pay a 18% value-added tax. The tax applies to the following types of content or services: selling and giving access to e-books, audio and visual content, images …
Earlier this month GeoPost, a leading player in the European courier, express and parcel market, announced a plan to merge its fully-owned Russian subsidiary DPD Russia with another local service provider, SPSR Express. The French group simultaneously announced a partnership with Italy’s BRT and an acquisition in Brazil. GeoPost expects the Russia deal, which is subject to approval by …
Severstal PJSC is putting the finishing touches on an online shop that Russia’s biggest steelmaker by market value promises will make buying its products as easy as downloading an e-book or ordering a pair of shoes. The company, which is controlled by Russia’s richest man, Alexey Mordashov, started testing its new website in November and plans …
Russian biggest steelmaker bets on e-commerce to boost sales Read More
Last year the Russian e-commerce market reached reached approximately $16.3 billion in 2016 (physical goods only), including an estimated $4.3 billion for cross-border sales, mainly from China, according to EWDN’s latest industry report. A survey conducted in September 2016 by Yandex Market, a major online shopping aggregator in Russia, and GfK Ru, a market and consumer information company, highlights …
Survey: Russians’ online shopping preferences in 2016 Read More
Sberbank, Russia’s national savings bank, and Alibaba Group are in discussions to create a joint venture that would include the Chinese group’s existing cross-border e-commerce businesses in Russia and neighboring countries. Among these businesses is AliExpress.ru, a B2C marketplace that has asserted itself as the largest e-commerce platform in Russia, far ahead of its foreign or even …
Sberbank in talks with Alibaba to launch universal e-commerce platform in Russia Read More
Over the past few years, the Cross-Border Ecommerce Conference & Exhibition has become the place to be for industry players and experts operating or interested in the Chinese cross-border e-commerce scene. The 7th edition of this event will take place in Shanghai on March 23-24 to highlight the latest market trends and the new issues faced by …
Chinese cross-border conference and expo (March 23-24 in Shanghai) Read More
On February 2, Station Berlin will host the second edition of E-Commerce Berlin Expo, one of the largest e-commerce events in the world. This year, the organizers expect 3,000 visitors and 90 exhibitors. These include the representatives of Deutsche Post, Rakuten Deutschland, Idealo, Semrush, Freshdesk, PrestaShop and Händlerbund. Participation in the event is free of charge, but …
E-commerce players from across Europe invited to major industry event in Berlin (Feb. 2) Read More
