Retail

How a Russian ice cream company generates hot profits with artificial intelligence

October 2, 2019

This summer, a major ice cream manufacturer in Russia, Chistaya Liniya (Pure Line), integrated a new solution for shelf image recognition. This AI-powered technology, developed by the Moscow-based startup Inspector Cloud, allows Chistaya Liniya to audit coolers, analyze product and staff data, and ultimately drive sales. For image recognition, ice creams are more of a …

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AliExpress to supply Chinese goods to Russian offline retail networks

July 31, 2019

AliExpress, the Chinese B2B marketplace that dominates the Russian cross-border e-commerce market, is testing its first sales to offline retail outlets. This activity could account for up to 10% of AliExpress Russia’s business, company representative Anton Panteleev told the Russian business daily Vedomosti.  The Chinese company aims to provide small and mid-sized local chains with …

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Russian e-commerce ranking: local fashion site Wildberries maintains leadership, Western players show contrasted results

July 12, 2019

Each year specialized research agency Data Insight releases its ranking of Russian e-commerce sites. Sites are ranked by sales volume (incl. VAT), number of orders and average order value as estimated by the research agency and, in certain cases, confirmed by the companies. (The ranking excludes foreign players, which explains why AliExpress is not mentioned.) …

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Visa launches cash withdrawal pilot project in Russia

July 13, 2019

“Visa announces technical implementation of cash withdrawal services at cash registers at trade and service enterprises in Russia. The service is currently being tested as a pilot in partnership with Russia’s The Parmesan retail chain and the Agricultural Bank,” the company said. The plans for the payment system include making the service available throughout the …

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Meet retailers, experts, startups and investors at Fashion Tech Day (Moscow, May 16)

July 13, 2019

On May 16 the Moscow Technopolis expo center wlll play host to the second edition of Fashion Tech Day, a must-attend international conference dedicated to the fashion retail tech and e-commerce industries (see site in Russian or presentation in English). This event is co-organized by East-West Digital News and the venture fund The Untitled, in partnership …

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Russian e-commerce research: Market analysis, operational challenges, players’ strategies

July 13, 2019

International brands and retailers selling to Russia, or considering doing so, are invited to participate in an online survey. They will receive the research report free of charge upon release. While Russian e-commerce is entering a promising development cycle, information about this market is hardly available to international audiences. Not only is the topic rarely …

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Food delivery service Golama raises $2.3 million, sees orders grow by “up to 30%” monthly

November 12, 2020

Moscow-based grocery delivery service Golama has attracted 150 million ruble (approximately $2.3 million) in equity funding from an unnamed individual investor, according to media reports. The funding will be spent on expanding Golama’s network of partners, which include retail chains and stores, and its goods and services offer. Golama told Russian online tech resource Rusbase …

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UK store data solution provider BeMyEye acquires Russian StreetBee

July 13, 2019

BeMyEye, a UK-based provider of “crowdsourced perfect store data,” has acquired StreetBee, a Russian startup that has developed fast data collection and processing solutions for retail. The terms of what seems to be an all-stock deal have not been disclosed, but an unnamed source told Russian business daily Kommersant that StreetBee’s shareholders will receive a …

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Hundreds of Russian and international fashion retailers to meet in Moscow (Oct. 24)

October 27, 2018

Co-organized by EWDN, this highly technological forum is intended for business owners as well as commercial, IT and marketing managers from online and omnichannel retail. From mass market to luxury brands, over 30 top managers from Russia and beyond will share their experience through roundtables, discussions, and workshops. Speakers include representatives of AliExpress, Ile de beauté, …

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German retailers leave Russia

October 2, 2018

Westwing, a German online store of furniture and designer home accessories, is leaving Russia after six years of operations in the market. The company is also selling its affiliates in Kazakhstan and Brazil, reports DW. “Westwing has made a strategic decision to focus on its main business in Europe,” the company representative told DW, while …

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Mitsubishi Corp. and Mail.Ru Group invest in car selling site Autospot

September 15, 2018

Mitsubishi Corp. and Mail.Ru Group have invested $4.1 million in car selling site Autospot, in exchange for a 21% stake in the company – setting the company’s post-money valuation at $19.1 million. The news was reported by the business daily Vedomosti based on exchanges with Autospot’s general manager Dmitry Andreev. Autospot allows its users to buy a …

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