E-Commerce

Client database trafficking develops in Moscow, established e-commerce sites under threat

March 5, 2013

Last year, East-West Digital News reported on a Moscow discount site’s client database that had been leaked to crooks for $6,700. Several new cases were brought to our attention recently, suggesting there is a growing black market of client database information in Russia. Various kinds of websites are concerned, from small ones to some well-established …

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MTS boosts Windows 8 through “demo zones” in outlet network

November 19, 2014

Weekly sales of Windows Phone powered smartphones at MTS’ new “demo zone” feature outlets have grown a sturdy 2.5 times over the past four months, and tablet PC sales have shown a 30% increase, MTS announced last week. Such are the early results of a strategic initiative the Russian mobile phone operator launched with Microsoft last November …

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Brilliant mobile payment startup raises $8 million but faces many unknowns

March 1, 2013

uBank, a mobile payment startup launched in late 2011, announced earlier this week an $8 million capital injection – its first round of funding – from Runa Capital, a Moscow-based venture fund that operates internationally. uBank’s valuation has not been disclosed, but its CMO Evgeniy Kozlov told East-West Digital News that the founders have kept a …

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E-Commercefacts.com to cover Russian online retail scene with East-West Digital News

February 27, 2013

Woerden, the Netherlands, and Moscow, Russia – As cross-border sales to Russia already amount to several billion dollars per year, E-Commerce Facts, a leading European resource on e-commerce, and East-West Digital News, the first international resource on Russian digital industries, are teaming up to provide international audiences with full coverage of the fast-growing Russian e-commerce …

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Cross border sales operator BayRu named US ‘Exporter of the Year’

February 22, 2013

Illustrating the booming growth of online cross border sales, BayRu (Bay.ru), an Ilinois-based operator selling goods from the USA to Russian consumers, has been named a 2013 Exporter of the Year award winner by ThinkGlobal Inc., publisher of Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce. Criteria on which …

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Black Ocean invests $500,000 in educational e-commerce

February 19, 2013

International investor Black Ocean has put $500,000 into the Russian educational e-commerce site BimBasket, Rusbase.com reported last week. Scheduled for launch next month, the site will enable parents to subscribe to a recurring product offer – from toys to books to musical instruments – designed to instruct and entertain their infants and young children. The …

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Online car credit solutions startup secures $400,000 VC investment

February 18, 2013

Car-Fin, a Russian startup developing innovative solutions for online car brokers, announced last week that it secured $400,000 in funding from investment fund Prostor Capital and the Moscow Seed Fund, the venture investment vehicle of the Moscow city authorities. The startup is a graduate of GTI Labs, the business accelerator launched last year by investment consulting …

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Rocket Internet’s Foodpanda launches in Russia and 11 other new countries

February 12, 2013

Rocket Internet’s online food delivery platform Foodpanda is expanding to twelve new countries, bringing the total markets the company is in to 23. New managing director Ralf Wenzel is heading the global roll-out. The platform is moving fast on its global roll-out. Over the past few weeks, it launched in Brazil, Chile, Ghana, Hungary, Ivory Coast, …

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Onetwotrip prepares for international expansion, plans Western IPO in 2014

February 5, 2013

Onetwotrip.com, the rising star of the Russian online travel industry, intends to go public “as early as next year, once sales approach $1 billion a year,” CEO Petr Kutis told Bloomberg last week.  The startup claims to have generated $306 million in gross sales last year, including $112 million in the last quarter alone. In …

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Russian and Italian postal services to bring Italian fashion to Russian online shoppers

February 4, 2013

The Russian Post and its Italian counterpart Poste Italiane are considering launching an online offer of apparel and footwear from small and mid-sized Italian producers, the business daily Kommersant reported, based on an exchange with the Russian Post. “A detailed business plan, drafted [in conjunction] with our Italian colleagues, along with a study of the …

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Russian social commerce solution provider Ecwid asserts leadership on Facebook

May 22, 2020

Ecwid, a leading provider of social commerce solutions based in Ulyanovsk, Russia, and US social commerce pioneer Payvment, have announced that Payvment will refer its 200,000 Facebook merchants to the Ecwid platform. The move comes as a consequence of the acquisition of Payvment by Intuit, a Silicon Valley software publisher. Intuit was essentially interested in …

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From a cash economy to digital payments: Russia at the crossroads

October 7, 2015

Russia’s readiness for mobile commerce and the speed with which its mobile payments market has been developing have been hot topics for discussion of late. While optimists speak of the cell phone becoming an all-purpose payment terminal as a near-term prospect, skeptics point to Russians’ near-total mistrust of cashless transactions, the low accessibility of banking …

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