In a bid to seize its share of the fast-growing market of cross-border sales to Russia, major Russian online marketplace Wikimart.ru will begin to sell goods from foreign suppliers to Russian consumers in the first quarter of 2014 The company will sell products from European and Chinese suppliers especially in the categories of sporting goods, …
One of China’s largest manufacturers of smartphones and tablets, Huawei, has opened an online store in Russia. Online sales began last week, and purchases can be paid for via cash on delivery and cash on delivery, bank card, Yandex.Money, WebMoney or other electronic payment systems. Huawei’s online store delivers all over Russia, provides technical support and guarantees …
Cross-border sales operator ViPoint.ru has announced a partnership with Kupivkredit, a subsidiary of the Tinkoff Credit Systems bank, that will allow its Russian customers to purchase goods from US online retailers on credit. Credit amounts will range from 3,000 rubles (a little less than $100) to 200,000 rubles ($6,000). This initiative is presented as the first …
Tinkoff bank offers credits for Russians’ cross-border online purchases Read More
With net sales reaching €550 million in 2012 – including more than half generated online – the Otto Group has asserted itself as a leading player on the Russian e-commerce scene. In this exchange with East-West Digital News, CEO Martin Schierer shares his vision of this fast-growing market, speaking about the challenges of building a …
Modnique, a global fashion e-commerce company headquartered in Southern California, announced today the inauguration of a Russian site, which is the company’s first localized e-retail outlet. Modnique.com/ru includes regional style preferences, full Russian language capabilities and local payment methods, enabling its Russian consumers to shop for globally sourced brands in the same way as English-speaking shoppers. …
Global online retailer Modnique launches its first localized site in Russian Read More
Last week, Walkbase, a marketing optimization platform for brick & mortar retailers, announced a €3 million Series A round investment led by SBT Venture Capital, the venture arm of the Russian national savings bank Sberbank. Olli-Pekka Kallasvuo, former CEO of Nokia, also participated in the round. Walkbase will invest the funds in “strengthening its sales, …
Finnish retail analytics startup raises €3 million from Sberbank’s venture arm Read More
Rosalkogol, a government agency that oversees the sale of alcohol in Russia, is seeking permission to be able to blacklist Internet sites that sell alcoholic beverages online, which is in violation of current Russian legislation. If the Russian Cabinet approves the move, the regulator will have the power to engage Roskomnadzor, another federal agency that keeps …
Earlier this month, the Moscow-based management company Flint Management launched a venture fund dedicating to developing e-commerce in Ukraine. This move comes just weeks after the company announced the creation of Flint Capital, a $35 million fund with a large high tech investment focus in Russia and Ukraine. Christened ‘Bull Ventures,’ the new fund has …
New fund to turn Ukraine’s e-commerce potential into scalable reality Read More
After more than 15 years in the market, Bertelsmann subsidiary Arvato Russia has asserted itself as one of the main fulfillment providers in Russia, both for traditional distance selling and for e-commerce operations. In this exclusive interview, CEO Michael Poetschke talks about the opportunities and the difficulties of the Russian market with equal frankness. He also comments on the latest trends in …
Arvato Russia CEO Michael Poetschke: “For fulfillment, Russia is not China” Read More
Product Test, a project aimed at testing and giving expert evaluations of consumer products, has announced that it received approximately $1 million from Moscow serial angel investor Igor Ryabenkiy and four other business angels. Conceived as a platform to test consumer goods including electronics and household goods, Product Test buys the products it assesses rather …
Online consumer goods testing platform raises $1 million from Moscow business angels Read More
ImpulseVC, web and media venture fund and incubation structure launched last week in Moscow, has injected $450,000 into Retail Rocket. The news was reported by Russian tech blog Firrma, based on an exchange with the startup’s founder Nikolai Khlebinsky. Retail Rocket has developed a technology that forms personalized cross- and up-selling recommendations based on user …
Online shopping recommendation startup Retail Rocket secures $450,000 from ImpulseVC Read More
In Russia, official sales of the new iPhone 5s and 5c were launched through leading Russian mobile operators MTS and Beeline and in stores such as Media Markt, M. Video, Svyaznoy, Euroset, ION and Eldorado. The IPhone 5c costs 24,990 rubles and the 16G version of the iPhone 5s costs 29,990 rubles (approximately $750 and …
