E-Commerce

Russian Railways to launch marketplace for robotic software solutions

February 1, 2021

Russian Railways subsidiary RZD Technologies has partnered with Robin, a Moscow-based “leader in robotic intelligence,” to create the first Russian marketplace for robotic software solutions. Scheduled for launch in July this year, the platform is part of a program called ‘Cloud Factory of Software Robots,’ which received a 80 million-ruble grant from the Skolkovo Foundation (around $1.05 million at the current …

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Sber to invest more than $400 million in Goods.ru in a bid for e-commerce leadership

January 28, 2021

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), announced today a new partnership to assert itself in the Russian e-commerce space.  Just weeks after agreeing an alliance with Merlion, Sber signed a “memorandum of intent” with M.Video-Eldorado Group — a competitor of Merlion in the field of electronic goods — to “join hands in developing the …

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Sber said to be in talks with Merlion on major e-commerce acquisition

January 28, 2021

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is considering the acquisition of Citilink.ru alongside some other assets of the Merlion group. The discussions were reported by business daily Kommersant but not confirmed by the parties.  Selling electronic appliances and a variety of other products, Citilink is among the top Russian e-commerce sites. It was number two …

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Russian e-commerce leader Wildberries launches in Germany

December 7, 2024

Wildberries, the number one Russian e-commerce company, announced yesterday its launch in Germany in the latest stage of its international expansion.  Through a localized interface, German online shoppers can access more than four million products — from fashion items, to electronic and household appliances, to books, to sports items, to cosmetics and more. The Russian company …

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Sber agrees e-commerce alliance with Merlion

January 28, 2021

In late December Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), and Merlion, one of the largest Russian IT distributors, agreed to partner in the field of e-commerce. “The new partnership will strengthen Sber’s position in the e-commerce industry and realize a range of new opportunities for B2B and B2C customers, while offering …

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After Poland, Slovakia and Ukraine, Russian e-commerce leader launches sales in Israel

December 14, 2020

Only few Russian online retailers sell outside their home market and neighbouring Russian-speaking countries. One of them is market leader Wildberries, which has just started sales in Israel. Local customers can order products through an English language online store, as well as through mobile apps on iOS and Android, reports industry news site e-pepper.ru. The …

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Yandex launches food delivery robots

December 9, 2020

Russia’s Yandex has started using its self-driving robot to deliver fast food orders, the company announced Wednesday. The small six-wheeled autonomous robot — dubbed Yandex Rover — has started delivering orders from Yandex’s food delivery service, Yandex Eats, to customers in one of Moscow’s central business districts.  Just like a human courier, after an order …

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Ozon’s oversubscribed IPO brings in $1.2 billion

December 9, 2020

Today Ozon announced the completion of its IPO, which started triumphantly on Nov. 24. In total, 37,950,000 ordinary shares represented by American depositary shares (ADSs) were acquired by new investors, including those corresponding to purchase options exercised by underwriters.  Taking into account the private placements and other subscriptions from Ozon’s existing shareholders, Baring Vostok and Sistema, the company …

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Sber displays its leadership ambition in the Russian e-commerce space

December 1, 2020

Sber, Russia’s state-controlled financial and tech giant (previously known as Sberbank), is displaying its ambitions in the field of e-commerce, in spite of several previous unsuccessful attempts. Last week, Sber announced the creation of a dedicated division to run its existing assets in this field. Among these are Sberlogistika and Sbermarket, two services which where …

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Global Fashion Group raises €120 million on German stock exchange; Lamoda expects capital injections

November 24, 2020

Last week Global Fashion Group (GFG), an international online fashion group focusing on growth markets – including Russia and neighboring countries where the group is represented by Lamoda – raised some €120 million in gross proceeds. The group issued new shares on the Frankfurt Stock Exchange, where it is has been listed since July 2019. These 16.5 million shares were placed with institutional …

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Anton Mironenkov, Head of X5 Technologies: “In this pandemic, digital transformation is proving essential”

November 26, 2020

Over the last years, X5 Retail Group, a leading Russian food retailer listed on the London and Moscow stock exchanges, has undertaken a process of deep digital transformation from procurement automation, to facial recognition, to video analytics. As Head of X5 Technologies, Anton Mironenkov, leads a team of some 2,500 professionals. In this interview with …

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