E-Commerce

Bulgaria, Russia and Turkey most demanded flight directions among Yandex users

April 29, 2014

Earlier this month Yandex, the Russian search giant, released an update of its  Russian travel industry report with a focus on the flight tickets market. The report includes a wide range of topics including: Consumer interest and growth in the air ticket, hotel and packaged tour markets Overall interest and conversion growth in the flight ticket …

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International event to highlight Russia’s latest e-commerce trends and solutions

April 14, 2014

East-West Digital News is proud to announce the upcoming e-Days E-Commerce Conference, Russia’s first internationally-oriented industry event. The conference will be held in Moscow on June 6, with InternetRetailer.com, the chambers of commerce of France and Great Britain and online marketing agency BuzzFactory joining EWDN as co-organizers and partners. A bevy of CEOs and top …

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Retailers’ e-commerce challenges to be highlighted this week at Moscow conference

April 8, 2014

As Russia’s traditional retail networks are toeing the waters of e-commerce, an industry event this week in Moscow will address the different dimensions and challenges of this transition. On April 11 and 14 “Online Retail Russia 2014” will feature a bevy of speakers representing real business cases and years of professional experience – including retail …

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Wikimart seeks $40 million despite “complicated” market circumstances

April 2, 2014

Russian e-commerce site Wikimart hopes to raise “$40 million or more” later this year or in early 2015, co-founder Maxim Faldin said earlier this week to Russian business daily Vedomosti. “We’re not in a hurry because the market situation is unclear,” Faldin said, citing the “complications” which have followed the Russia-Ukraine crisis and the ruble’s …

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E-tickets for events tripled in 2013

March 19, 2014

In 2013 the share of events tickets bought online increased almost threefold to 12.4%, according to e-ticketing service TicketForEvent. The figure, which include tickets for entertainment, sporting and business-related events in Russia, is based on open data provided by ticket-vendors and event organisers, as well as TicketForEvent’s own statistics. TicketForEvent expects this growth to continue, …

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Billionaire Usmanov aims at China after Apple, Facebook sale

March 18, 2014

Billionaire Alisher Usmanov sold shares in Apple Inc. and Facebook Inc., focusing on technology investments in China such as Alibaba Group Holding Ltd. and may expand stakes in Russian assets, an executive said. “Chinese companies account for about 70 percent to 80 percent of the portfolio of our foreign Internet investments,” Ivan Streshinskiy, head of …

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Venture funds ABRT and Mangrove offer 10-week training and networking program for CEOs of young IT companies

March 15, 2014

ABRT and Mangrove Capital Partners, two venture funds investing actively in Russia, are inviting CEOs and founders of Russian IT companies to the ABRT-MANGROVE CEO CAMP, an intensive 10-week program starting next month (deadline for applications: March 23). The program is intended to help young IT companies increase sales significantly, find new customers and partners, …

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Russian e-commerce leaders Ozon and Ulmart in funding talks

March 13, 2014

Two leading Russian online retailers, Ozon and Ulmart, are holding discussions with investors to fuel expansion in a market that grew by almost 30% last year. Ozon, a pioneering e-commerce holding with notable similarities to Amazon.com, is in the final stages of talks with AFK Sistema, a Russian LSE-listed holding operating in a range of …

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Spotify eyes Russian market

February 25, 2014

Since its launch in Sweden in 2008, Spotify has asserted itself as one of the most popular music streaming service of its kind globally. The company serves more than 25 million users and paid subscribers in almost 30 markets, from Western and Eastern Europe to the USA, Mexico, Hong Kong, Malaysia, and Singapore. Spotify is not yet available to …

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Enter and Ulmart open their websites to third-party retailers

February 19, 2014

Earlier this month two major Russian multi-channel retailers, Enter and Ulmart, announced almost simultaneously their plans to let third-party merchants sell or promote offers via their sites. “Amazon’s Marketplace generates almost 40% of their sales, and I think we’re going the same way,” said Maxim Nogotkov, the Russian billionaire who backs Enter.ru, speaking to the …

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