East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …
Over the past few weeks, AliExpress has multiplied initiatives to strengthen its leadership on the Russian e-commerce scene. The Chinese giant has teamed up with Russian online bank Tinkoff Bank to launch a co-branded loyalty program. Associated with MasterCard credit and debit cards, this program is the first of its kind in the world, said …
HotelTonight, a mobile booking application that helps travelers reserve hotel rooms at the last moment, is coming to Russia, the US company announced via Twitter earlier this month. “We invest in markets where people are ready for spontaneous travel and adapt well to new technologies,” said HotelTonight CEO Jared Simon. “Russia was ideal. Russians don’t plan one …
Last-minute booking app HotelTonight enters Russian market Read More
KupiVIP, a major Russian online fashion group, announced today the acquisition of footwear retailer Sapato.ru and its 6-million client base from the Ozon group. “The acquisition will help KupiVIP strengthen its position by significantly expanding its client base and product assortment,” KupiVIP stated. The acquirer also expects to benefit from Sapato’s “deep expertise in international purchases in …
Even though Russia’s internet-related businesses make up just 10 percent of the country’s GDP, more e-commerce and discovery commerce startups are looking at the U.S. market for ample investment and opportunities for growth. 2for1, a fledging Russian-Ukrainian startup is one such company that has tailored its project for the U.S. market.
Perfume lovers now have an easy and affordable way to access a supply of over 350 top designer fragrances, including Dolce & Gabbana, Versace, Hermes, Gucci and Marc Jacobs. By subscribing to Scentbird.com, they will receive a new fragrance each month “in a sleek and beautiful purse-sized spray,” the startup promises. Subscribers can choose their fragrance based on suggestions from Scentbird’s “TruScent Recommender,” which leverages a database …
New York startup “opens the world of fragrance” – with a touch of Russian love Read More
East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The second edition edition of this annual event will be held in Moscow on June 4 and 5, in association the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and …
Industry leaders to discuss Russian and global e-commerce trends at Moscow conference Read More
Illustrating the appeal of the Russian online travel market — which is estimated at $3.8 billion last year — an industry conference and startup contest will take place on April 28 in Moscow. The event, christened Travel Up!, is organized by Qiwi Universe, the startup acceleration program of Russian payment giant Qiwi, in partnership with two …
Russian online travel market still appealing to investors Read More
Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion. In spite of the current economic downturn in Russia, Ulmart expects continued growth this year and considers a Western …
eBay has become the first US company to say it will comply with the new Russian legislation requiring businesses to store Russian users’ personal data in Russia, business daily Kommersant reported earlier this week. Vladimir Dolgov, eBay’s general manager in Russia, met with a deputy head of telecom regulator Roskomnadzor last week to clarify “a series of questions” related to the law.
Houzz, a global website and online community about architecture, interior design and decorating, has launched a Russian version of its website and mobile apps, and opened a representative office in Moscow. The US-based company is starting in Russia with “over 100,000 Russian homeowners and over 3,000 active Russian home professionals,” according to Houzz’s Russian team.
While several international investors have suspended or reduced activities in Russia, MCI, a major Polish fund, is continuing to invest in the country, among others. Its current Russia portfolio includes KupiVIP, Travelata and Oktogo. In this exchange with East-West Digital News, the fund’s managing partner Tomasz (Janusz) Czechowicz shares his vision of the Russian digital market, and …
Tomasz Czechowicz of Polish fund MCI: “We believe it’s a time to buy and build in Russia” Read More
