Several changes in the Russian e-Commerce Fashion market have transpired over the past year. This 90-slide industry report prepared by Yandex analysts covers these changes in detail. User interest in online shopping with the intent to purchase has increased by 16% in the last year in Russia. This major growth has offset falling interests in …
Russian e-commerce fashion industry report Q4 2014 Read More
In line with the global trend, over the next few years the main driver of m-commerce in Russia will be the growing number of tablet and smartphone users. This is the primary thesis of the study “The Russian M-Commerce Market in 2014,” presented by the marketing agency RBC.research and reported by the e-commerce online portal …
Mobile commerce takes off in Russia: Number of shoppers more than doubles in 2014 Read More
Last week Life.SREDA, the venture arm of Russian finance group Life, announced its investment in mobile bank Rocketbank. The amount of the transaction has not been disclosed, but an unnamed source close to the deal told Russian tech blog Firrma.ru that the fund’s stake in Rocketbank does not exceed 10%. Life, which is made up of seven commercial banks across Russia, …
Top Delivery, a provider of e-commerce shipment services on the domestic market, has raised an undisclosed amount from Impulse VC. The young company will use the funds to develop further its logistics, customer service and IT systems. It also plans to expand its geographic coverage – which now covers 2,700 locations in 44 Russian regions. …
E-commerce shipment service provider Top Delivery secures investment from Impulse VC Read More
NASDAQ-listed Russian payment operator QIWI announced today the acquisition of the e-currency business of Mail.ru Group, a major Russian Internet group. After the completion of transition period all Money.Mail.Ru transactions will be performed by QIWI. The terms of the deal, which is presented as part of a “long term strategic partnership,” have not been disclosed. …
In spite of the international turmoil, the Russian e-commerce market is still growing with cross-border sales to Russia jumping to $5 billion this year, up from $3 billion last year. However, while e-commerce flows from China is reaching new heights, the present troubled times have brought new difficulties – but also left many opportunities – …
New EWDN study: Cross-border sales still growing fast, Chinese players invading the market Read More
The Hamburg-based startup Dreamlines announced yesterday it secured 20 million euros in C Round financing from an international pool of investors led by Target Ventures. Also participating in the round was Altpoint Ventures, a US-based fund launched this past September, as well as previous Dreamlines investors Holtzbrinck Ventures, Hasso Plattner Ventures and Dimaventures. Another earlier …
It’s fair to say the travel industry won’t be the same in Russia after 2014. The year was full of shocking events that might entirely change the landscape of Russian economics in general and the travel industry will feel going forward. Therefore, I decided to wrap up the things that were important for the travel …
A year in Russian online travel – politics, games and investments Read More
Mobile acquiring solution developer Smartfin, which operates under the 2can brand, has been selected as the first technological partner of national savings bank Sberbank for a pilot project of “Business Tablets.” The Business Tablet consists of three portable gadgets: a modern tablet computer with an embedded mobile acquiring application; a bank card reader compatible with …
PayPal is preparing an important step to adapt to Russia’s local conditions by accepting account replenishment by cash. The news was reported last week by Russian business daily Vedomosti, which received confirmation from PayPal. Such operations will be made possible in the physical outlets of Euroset and Svyaznoy, the leading retailers of mobile devices and accessories with …
PayPal to experiment with cash account replenishment in Russia Read More
German logistics provider Hermes Fulfilment has teamed up with Finnish postal operator Itella to facilitate e-commerce sales of Western European merchants to the Russian market, E-Commercefacts.com reported last week. In order to better accommodate Western European merchants along the road of fulfilment to Russia, Itella will support Hermes with warehousing and distribution expertise as well …
German Hermes and Finnish Itella collaborate to facilitate cross-border sales to Russia Read More
Russia’s fast growing e-commerce market – including its cross-border segment that is growing by around 75% this year – will be covered with special attention at the Swiss E-Commerce Conference with the participation of Accenture, the Otto Group and East-West Digital News. The event, organized by the Netcomm Suisse industry association, will be held on …
